Jennifer Lopez and Alex Rodriguez surface to have at minimum one new backer in their quest to make an Amazin’ bid on the Mets.
The Galatiota Sports Associates expense financial institution is working with two buyers who are looking at investing up to a merged $250 million with A-Rod and J.Lo for their Mets bid, a source near to the circumstance reported.
The organization president, Sal Galatioto, declined comment and the investors are unknown.
Galatiota Sporting activities is a primary financial commitment lender that represented the 76ers in their 2011 sale to personal equity billionaire Josh Harris, who is now bidding for the Mets, as very well as the Dodgers and Cubs in revenue of minority passions in their groups in latest many years. The firm’s vice chairman is previous NBA deputy commissioner and COO Russ Granik.
This fascination should enable J-Rod set up backing for their bid, along with whatever income JPMorgan arranges.
Sources close to J-Rod confirmed to The Submit that the deal with Galatiota Sports activities Associates is in the is effective. It is also crystal clear that the electricity few has stepped up their pursuit for new fiscal backing as the Wilpons mature a lot more desperate and a bid from Harris and David Blitzer appears to be like far more very likely.
Yet another storm cloud on the horizon for J-Rod is a secret bidder that is reportedly attaining steam.