The owners of the New York Mets must not be too broke: they’re reportedly on tap as part of an investment group developing 20 acres adjacent to Citi Field. The 20 acres at Willets Point is currently home to scrapyards and auto-repair shops. It’s been a target of development efforts for years; its proximity to […]
Tag Archives | investment
Immigration funds eyed for new Rays ballpark
Following Oakland’s lead, Tampa officials are looking at putting together a ballpark deal based on foreign investments based on the federal EB-5 visa program — a long shot at best. EB-5 is essentially a program that allowed a foreign citizen to “buy” U.S. citizenship by investing a million dollars into a U.S. corporation. It’s been […]
Wolff: A’s aren’t for sale
The Oakland Athletics aren’t for sale, according to owner Lew Wolff, adding that no prospective buyer has contacted him. “No one has contacted me,” Wolff told the Oakland Tribune in a phone interview. “It’s not for sale, but no one has contacted me. Someone made that story up, I think.” It was reported yesterday that […]
Mets/Einhorn deal collapses
David Einhorn’s bid to buy a minority share of the New York Mets has fallen through, leaving the team to beat the bushes for other limited investors. The official word is that the Mets ownership, which could owe upwards of a billion dollars as a result of investments with swindler Bernie Madoff, can cover this […]
Riverhawks to Frontier League for 2011?
Though nothing’s finalized, there’s a plan for a Chillicothe group to invest in the Rockford Riverhawks and shift the team to the Frontier League for 2011 — coming at the heels of the circulation of a 10-team North American League schedule that drops both Henderson and Rockford for the coming season. The move of the […]
Mets managed Madoff investments for other investors
The owners of the New York Mets managed investments for others in Bernie Madoff‘s Ponzi scheme and threw some interesting conditions on participation: the investors, which included Larry King, Sandy Koufax and Tim Teufel, could have no interaction with Madoff and ask how he generated such impressive returns. The New York Times went through the […]
Jeff Wilpon: Mets aren’t for sale
Despite some vocal interest from the likes of Donald Trump in buying a majority share of the New York Mets, Jeff Wilpon says the team isn’t for sale — and he expects his family to be found innocent of charges that they unfairly profited from Bernie Madoff’s Ponzi scheme. Wilpon, the chief operating officer of […]
Potential buyers emerge for Mets — but are they serious?
Donald Trump has reached out to Fred Wilpon about buying into the New York Mets — but he would so only if he could buy majority control. He’s the latest suitor for the team, which has attracted a lot of interest from the Manhattan monied set. According to Trump, he called Wilpon after the team’s […]