Kevin Mazur/Getty Photos Alex Rodriguez and Jennifer LopezAlex Rodriguez and Jennifer Lopez have backed out of bidding to purchase the New York Mets.In a joint assertion, Lopez and Rodriguez, who spent 12 seasons participating in for the Mets’ crosstown rivals the New York Yankees, talked about that they’ve been “dissatisfied” to announce that they won’t be pursuing possession of the workforce.”The consortium talked about that they’re dissatisfied to not be part of the revitalization of New York Metropolis and provide an exhilarating experience for the followers and wish the Wilpon family and the entire Mets group properly,” the assertion study.”Alex and I are so dissatisfied!! We labored so exhausting the earlier 6 months with the dream of turning into the first minority couple and the first woman proprietor to buy her father’s favorite Major League Baseball workforce alongside along with her private hard-earned cash,” Lopez, 51, wrote alongside the assertion on Instagram. “We nonetheless haven’t given up!!”The couple’s option to withdraw from the bidding comes amid new tales that Steven Cohen, a billionaire hedge fund supervisor, is as quickly as as soon as extra in negotiations to amass the workforce.CNBC reported on Friday that Cohen was throughout the technique of finalizing his purchase of the workforce.On no account miss a story — be part of PEOPLE’s free day-after-day e-newsletter to stay up-to-date on the most effective of what PEOPLE has to produce, from juicy famous person info to forcing human curiosity storiesThe Mets are at current owned by precise property developer Fred Wilpon.In December, the Wilpon family launched plans to advertise 80 p.c of the workforce to Cohen, although the deal fell by the use of in February, in response to the New York Events. The preliminary deal fell by the use of over factors related to closing costs, CNBC reported.Story continuesIt is unclear when he re-entered a bid for the workforce, which he initially set at spherical $2.6 billion. It moreover stays unclear what Cohen’s new bid is, though CNBC tales it each meets or exceeds his earlier $2.6 billion bid.Rodriguez and Lopez reportedly supplied $2.three billion for the membership.RELATED: Alex Rodriguez Says He ‘Can’t Help Nevertheless Smile’ After ‘Amazing’ 12 months with Jennifer Lopez and KidsEarlier this month, the New York Submit reported that Lopez and Rodriguez, 45 had retained JPMorgan Chase to elevate funds for a doable bid on the workforce.Together with Lopez’s connection to the workforce, possession would even have been personal for Rodriguez, who practically signed to the workforce in 2000, although he instead opted to play for the Texas Rangers.