Friday, January 28, 2011

Mets Wilpons want to sell Minority stake in team

Looks like the Wilpons want to garner some cash. Via Twitter from Adam Rubin  The Mets are possibly looking for minority owners to help with the burden of owning the Mets.  This is not a surprise with what as gone on with the Wilpons and there prior dealings. 

Maybe us fans can pool our resources and get a share. Anyone have 20M handy?

Mets statement

Fred Wilpon, Chairman and Chief Executive Officer of the New York Mets, and Jeff Wilpon, Chief Operating Officer of the New York Mets, issued the following statement:

As Sterling Equities announced in December, we are engaged in discussions to settle a lawsuit brought against us and other Sterling partners and members of our families by the Trustee in the Madoff bankruptcy. We are not permitted to comment on these confidential negotiations while they are ongoing.

However, to address the air of uncertainty created by this lawsuit, and to provide additional assurance that the New York Mets will continue to have the necessary resources to fully compete and win, we are looking at a number of potential options including the addition of one or more strategic partners. To explore this, we have retained Steve Greenberg, a Managing Director at Allen & Company, as our advisor.

Regardless of the outcome of this exploration, Sterling will remain the principal ownership group of the Mets and continue to control and manage the team’s operations. The Mets have been a major part of our families for more than 30 years and that is not going to change.

As we have said before, we are totally committed to having the Mets again become a World Series winner. Our fans and all New Yorkers deserve nothing less.


Jobu said...

i think we should pool our limited resources and make Fred an offer to be OUR partner!!

metsfan73 said...

I was hoping Jeff was considered a minority stake, and Fred would sell him off. No Luck!