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#pounditTuesday, August 4, 2020

Investor Wayne Rothbaum reportedly interested in buying Mets

New York Mets

The New York Mets are still looking for a new owner, and a possible investor has emerged.

The New York Post reported on Thursday that billionaire Wayne Rothbaum has interest in buying the team, but only at a discount.

The Post’s Thornton McEnery says Rothbaum is only interested in buying the team at a significant discount, like for around $1 billion. That would be a massive change from the $2.6 billion price Steve Cohen was willing to pay before his deal with the Mets fell apart. However, there is one significant difference: Rothbaum would not want cable channel SNY included in the deal, which is why his price would be so much lower than Cohen’s.

The Mets probably have no interest in selling for that much of a discount. But Rothbaum likely views this as an opportune time to low ball the owners with an offer given all the uncertainty, the Wilpons’ shaky financial situation, and the likelihood of teams losing money this year. Interestingly, Alex Rodriguez has reportedly been exploring the possibility of buying the Mets too.

Rothbaum is listed as the president and founder of Quogue Capital LLC, as well as the founder of Acerta Pharma BV.

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