The Wilpon family, via Sterling Partners, is in negotiations to sell an 80 percent share of the New York Mets to hedge-fund investor Steve Cohen, who already owns a minority share in the National League franchise, reports Bloomberg News. (more…)
Tag Archives | jeff wilpon
New for 2019: Syracuse Mets (?)
The venerable Syracuse Chiefs name could go by the wayside in 2019, as New York Gov. Andrew Cuomo announced a name change for the Class AAA Syracuse Mets when the team becomes a New York Mets affiliate. (more…)
Mets Announce Purchase of Syracuse Chiefs
Tuesday marked a shift for baseball in Syracuse, as the New York Mets announced their purchase of the Syracuse Chiefs (Class AAA; International League). (more…)
New York Mets to install new Citi Field videoboard
New York Mets fans at Citi Field will have an enhanced ballpark experience in 2015, as the team is installing a new 13HD LED center-field videoboard — one of the first in the majors. (more…)
Katz looking to unload Mets ownership?
Saul Katz, who controls the New York Mets ownership with the Wilpon family, may be looking to sell his share of the team, according to a published report. The issue is actually pretty simple, according to the report: Katz is tired of spending millions to prop up the team. From The New York Times: The […]
New and old for 2013: Tradition Field
It’s back to the future for the New York Mets and the St. Lucie Mets (High Class A; Florida State League), as their Port St. Lucie facility will revert back to a familiar name: Tradition Field. Tradition Florida held naming rights to the ballpark from 2004-2009. After a naming-rights deal with Digital Domain fell through […]
Surprise player in SWB Yankees temporary home: Newark
Last week we referred to a surprise player emerging as the 2012 home of the Scranton/Wilkes-Barre Yankees (Class AAA; International League). That surprise player was Newark’s Bears & Eagles Riverfront Stadium, but the New York Mets killed the move. As you’ll recall, last week the SWB Yankees management — the New York Yankees and Mandalay […]
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 […]
Einhorn negotiating for chunk of Mets
David Einhorn, a high-profile Wall Street investor who seeks to find value in underperforming corporations, is negotiating to buy a non-controlling stake in the New York Mets. Einhorn is a big baseball fan, growing up in Milwaukee and playing ball as a kid. He’s made his mark in the financial world as a hedge-fund manager, […]
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 […]
Cuban: I’ll listen if the Wilpons want to sell me a chunk of the Mets
With the finances of the New York Mets increasingly under siege, Dallas Mavericks owner Mark Cuban says he’s interested in investing in the team — but he needs to be sold by the Wilpons on the move. That’s sure to impress MLB owners. From the New York Post: “If they want to sit down and […]