The 51-year-old actress and singer sounded disappointed as she shared her news on social media.
‘Alex and I are so disappointed!!’ she captioned her statement.
Losing out: Jennifer Lopez, 51, announced she was ‘so disappointed’ on Friday after she announced that she and her fiancé Alex Rodriguez weren’t in the running to buy the Mets anymore; shown in September 2019
‘We worked so hard the past 6 months with the dream of becoming the first minority couple and the first woman owner to buy her father’s favorite Major League Baseball team with her own hard earned money. We still haven’t given up!! #NY4ever,’ she wrote.
The statement in her post read: ‘The consortium led by Alex Rodriguez and Jennifer Lopez has informed the Mets that they are no longe pursuing acquisition of the team.’
The statement also listed the other individuals working with them to fund the ‘record price for the team.’
‘The consortium said that they are disappointed to not be a part of the revitalization of New York City and provide an exhilarating experience for the fans,’ before wishing the organization well.
So close: ‘We worked so hard the past 6 months with the dream of becoming the first minority couple and the first woman owner to buy her father’s favorite Major League Baseball team with her own hard earned money,’ she wrote
Strong offer: J-Lo and Alex planned to invest $300 million of their own funds into the offer, according to the New York Post; shown in February
Rich winner: The team is expected to accept the multi-billion dollar offer of billionaire hedge fund manager Steve Cohen, whose firm pleaded guilty to insider trading in 2013 and paid $1.8 billion; shown in January
Jennifer and Alex planned to invest $300 million of their own funds into the offer, according to the New York Post.
Despite their ‘record offer,’ the Mets have chosen billionaire Steve Cohen to be the new owner, after he provided an even higher offer, according to The New York Times.
He previously walked away from a stunning $2.5 million bid in February, but the Mets seem to have lured him back.
According to ESPN, the new offer is likely to be smaller than the previous one, but not by a significant amount.
Boss lady: Jennifer said it would be ‘amazing’ if she became the owner of a sports team Thursday on Alex’s podcast The Corp
Jennifer sounded optimistic about the prospect of buying the Mets on Thursday and said it would be ‘amazing’ if she became the owner of a sports team
‘In this day and age, that would be something that would be so amazing,’ she told The Corp podcast, which is hosted by her fiancé
‘I don’t have anything to report on that end right now. But I think in every field, especially in institutions like Major League Baseball that are so American in this moment in time, it is important for diversity.’
Jennifer also believes it’s crucial to see more women in positions of power.
She said: ‘It is important for women to have positions of power that they’ve earned, and deserve, and can contribute in a way that is just as good as any man on the planet. So of course I am for it.’
Going for it: The Out Of Sight star and her fiancé Alex were planning to purchase the New York Mets baseball team, which she believed would be a major moment for US sports
Last month, a source claimed Jennifer could spark a makeover of the New York Mets franchise.
An industry insider suggested that the music star’s involvement could bring some much-needed glamour to the team.
The source said: ‘Forget about any other owner, or even any player. One thing Jennifer has is the No. 1 social media following.’
Her day job: The siren works on World Of Dance with Derek Hough and Ne-Yo
The proposed move to buy the franchise was likened to Jay Z’s involvement with the Brooklyn Nets, with an industry insider explaining that Jay ‘made it cool to go to Barclays Center’.
The rap legend was a part-owner of the basketball team between 2003 and 2013.
The source explained: ‘They’d leave no stone unturned. It’s going to be an entertainment experience.’
Family first: With her 74-year-old mom Guadalupe and her twins, 12, Max and Emme