Jennifer Lopez & Alex Rodriguez Are 'So Disappointed' to Withdraw from Mets Process

Jennifer Lopez and Alex Rodriguez are speaking out to reveal that they have withdrawn from the process of purchasing the New York Mets.

It was previously announced that the power couple was working with some other investors to purchase the baseball team. Jennifer would have became the first woman owner of a baseball team!

“Alex and I are so disappointed!! 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,” Jennifer wrote on Instagram.

JLo and ARod were expected to invest $300 million of their own money into the team, according to the New York Post.

The official statement said: “The consortium led by Alex Rodriguez and Jennifer Lopez has informed the Mets that they are no longer pursuing the acquisition of the team. The consortium, which included Vincent Viola, Mike Repole, and Marc Lore had submitted a fully funded offer at a record price for the team which was supported by binding debt commitments from JP Morgan and equity commitment letters from credit worthy partners. The consortium said that they are disappointed to not be part of the revitalization of New York City and provide an exhilarating experience for the fans and wish the Wilpon family and the entire Mets organization well.”

Jennifer is starring in a new fashion campaign and her kids are in the photos too!