{"id":324304,"date":"2021-08-12T23:17:54","date_gmt":"2021-08-12T20:17:54","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/a-rod-angry-over-losing-the-mets-dribbles-past-jpmorgan\/"},"modified":"2021-08-12T23:17:54","modified_gmt":"2021-08-12T20:17:54","slug":"a-rod-angry-over-losing-the-mets-dribbles-past-jpmorgan","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/a-rod-angry-over-losing-the-mets-dribbles-past-jpmorgan\/","title":{"rendered":"#A-Rod, angry over losing the Mets, dribbles past JPMorgan"},"content":{"rendered":"<p>&#8220;<strong>#A-Rod, angry over losing the Mets, dribbles past JPMorgan<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>Alex Rodriguez is no longer turning to JPMorgan for his sports acquisitions \u2014 despite insisting that he was not angry with the Jamie Dimon-led bank after his deal to buy the New York Mets blew up last year.<\/p>\n<p>As The Post reported last year, A-Rod was fuming about losing the Mets to billionaire Steve Cohen last August, and loudly griped that the process had been rigged. <\/p>\n<p>What wasn\u2019t revealed at the time was that the former NY Yankee was also pointing a finger at JPMorgan, his lead banker and adviser in the failed deal. <\/p>\n<p>Asked about the claims, both A-Rod\u2019s reps and the bank adamantly denied any riff.   \u00a0<\/p>\n<p>But just last month, Rodriguez and one of his partners in the Mets deal, entrepreneur Marc Lore, finalized a new deal \u2014 without the help of JPMorgan \u2014 to buy a 20 percent stake in the NBA\u2019s Minnesota Timberwolves. They have options to eventually acquire the whole team, along with the WNBA\u2019s Minnesota Lynx. <\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/arod-upset-with-jpmorgan2.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Steve Cohen speaking with Sandy Alderson\" class=\"wp-image-19110715\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/arod-upset-with-jpmorgan2.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/arod-upset-with-jpmorgan2.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/arod-upset-with-jpmorgan2.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Source tell The Post that A-Rod fell out with JPMorgan following the sale of the Mets to billionaire hedge funder Steve Cohen (seen, left, with Mets  <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> manager Sandy Alderson).<\/figcaption><figcaption><span class=\"credit\"><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a>day via Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<p>To get the deal done, the pair worked exclusively with investment bank Inner Circle Sports and its founder Rob Tilliss as their financial adviser, sources close to the situation said. JPMorgan did not advise on the deal, although it did provide financing for it, sources said. <\/p>\n<p>Sources say this is proof of the fallout they say followed the sale of the Mets to billionaire hedge funder Steve Cohen. JPMorgan declined to comment as did Rodriguez.  <\/p>\n<p>\u201cI don\u2019t think it ended well with JPM,\u201d one source said. He noted that JPMorgan \u201cdid everything for A-Rod in the Mets deal,\u201d and that the bank didn\u2019t <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>reciate being blamed for losing the MLB team to Cohen. <\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/arod-upset-with-jpmorgan3.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"exterior of JPMorgan headquarters\" class=\"wp-image-19110755\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/arod-upset-with-jpmorgan3.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/arod-upset-with-jpmorgan3.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/arod-upset-with-jpmorgan3.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>JPMorgan was not in on the deal when A-Rod bought a stake in the NBA\u2019s Minnesota Timberwolves, signaling, sources say, the baseball great\u2019s unhappiness with the banking giant.<\/figcaption><figcaption><span class=\"credit\">AFP via Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<p>In claiming the Mets bidding process was rigged, Rodriguez last year pointed to an Aug. 28 call by Mets\u2019 banker, Steve Greenberg of Allen &amp; Co., asking for a sneak peek at the A-Rod team\u2019s offer. <\/p>\n<p>Rodriguez \u2014 who had also been vying for The Amazins with his then superstar fianc\u00e9e, Jennifer Lopez \u2014 reluctantly complied with Greenberg\u2019s unusual request only to learn later that same day that the Mets were\u00a0in exclusive deal talks with Cohen.<\/p>\n<p>Both A-Rod\u2019s team and Cohen offered roughly the same amount, $2.35 billion.<\/p>\n<p>A-Rod has specifically criticized the executive chair of JPM\u2019s Corporate and Investment Banking, Carlos Hernandez, a member of JPM\u2019s operating committee, claiming Hernandez told the A-Rod group that he had a special relationship with Mets banker Greenberg, sources said.<\/p>\n<p>A-Rod has said he thinks it was na\u00efve of Hernandez and JPM to have ever thought the Mets might actually sell to him over Cohen, who previously had a deal to buy the Mets in 2019.<\/p>\n<p>And he feels they foolishly played hardball with the Mets without any leverage, sources said. In revealing the $2.35 billion bid on Aug. 28, A-Rod and his team told the Mets they had mere hours to accept the offer or they would walk.<\/p>\n<p>JPMorgan declined to comment. After this story ran, Rodriguez issued a statement calling it \u201cinaccurate\u201d and saying JP Morgan was \u201cintimately involved\u201d in the Timberwolves purchase.<\/p>\n<p>A source close to the bank said JPMorgan provided loans to help finance the deal. <\/p>\n<p>\u201cI have a fantastic relationship with JP Morgan that spans decades and I value our ongoing strong partnership,\u201d he said.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2021\/08\/12\/a-rod-angry-over-losing-the-mets-dribbles-past-jpmorgan\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#A-Rod, angry over losing the Mets, dribbles past JPMorgan&#8221; Alex Rodriguez is no longer turning to JPMorgan for his sports acquisitions \u2014 despite insisting that he was not angry with the Jamie Dimon-led bank after his deal to buy the New York Mets blew up last year. As The Post reported last year, A-Rod was&#8230;<\/p>\n","protected":false},"author":1,"featured_media":324305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/arod-upset-with-jpmorgan.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[114047,25871,70792,89790,73674,106544,71541],"class_list":["post-324304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-8-12-21","tag-alex-rodriguez","tag-jpmorgan-chase","tag-marc-lore","tag-minnesota-timberwolves","tag-on-the-money","tag-steve-cohen"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/324304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=324304"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/324304\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/324305"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=324304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=324304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=324304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}