Allen & Co, a privately held boutique investment bank, is overseeing the sale.
A group consisting of Apollo Global Management co-founder Josh Harris, who is the principal owner of the New Jersey Devils and Philadelphia 76ers, is also in the mix.
The same goes for a group guided by billionaire hedge fund manager Steve Cohen, who nearly bought the Mets in December 2019 before talks broke down.
Forbes valued the Mets at $2.4 billion in April 2020. However, Soshnick reported that initial bids were around the $2 billion range. New York and other MLB franchises are losing revenue this season because of the shortened 60-game slate sans fans amid the COVID-19 pandemic.
At least 23 MLB owners must approve a franchise sale, per Soshnick.
Cohen reportedly had the highest offer to buy the team following the first round of bidding, per Deesha Thosar of the New York Daily News, with a $2 billion bid for the team and an additional $2 billion to purchase SNY. The group with Lopez and Rodriguez reportedly made a bid around $1.7 billion.
Harris' group's offering amount was "unclear," per Thosar, who also called Cohen the "favorite" to ultimately purchase the team.
The Mets' majority owner is Fred Wilpon, who has held a stake of varying percentages in the team since 1980.