Report: Mets Want $200M For Minority Stake; Some Bidders Identified

NEW YORK (WFAN/AP) — The New York Times is reporting the Mets are seeking $200 million for a minority portion of the team.

The Times cited a person briefed on the sale process in a story posted on its website late Wednesday night.

According to the paper, the Mets’ owners are also telling potential bidders that they might sell a portion of their cable network SNY, but that negotiation would take place separately “and would probably not be seriously contemplated for a year or two.”

$200 million could add up to as much as a 40 percent share of the club. The bidders have been told that any deal to sell a minority piece will not include a path to acquire the rest of the team. Fred and Jeff Wilpon, as they have asserted, will hold control over the franchise.

The Times reported that the contenders approved by MLB include: Jason Reese, the chairman of Imperial Capital, a Los Angeles-based investment bank.

David Heller, a Goldman Sachs executive, along with Marc Spilker, the president of Apollo Global Management, a private equity fund.

Steven Starker, a co-founder of BTIG, a global trading firm, with Kenny Dichter, a co-founder of Marquis Jets; Doug Ellin, creator of HBO’s “Entourage”; and Randy Frankel, a minority owner of the Tampa Bay Rays.

James McCann, the founder of, with Anthony Scaramucci, who runs the hedge firm SkyBridge Capital.

Marc A. Utay, managing partner of Clarion Capital, a private equity firm, and Leo Hindery, the first chief executive of the YES Network and a veteran media investor.

Mets fans: Do any of these bidders have you excited? Sound off in the comments below…

(TM and Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)


One Comment

  1. janet says:

    I wish Jerry Steinfeld or Jon Stewart would buy in. They are big Mets Fans,.

  2. bsp says:

    Offer shares of stock to the fans…maybe like the Packers…if we have to suffer, we should have at least a piece of the action so we can truely say these are our mess….errr, Mets….

    1. Madoff says:

      The unemployment rate is already high in this country, homeless is at an all time high. Mets fans put their little saving into buying stocks in the Mets then the crime rate will go sky high in NYC due to Mets fans having nothing in the bank or their pockets to feed their kids while getting nothing in return, but a bad investment in the Mets

  3. Cat says:

    My plea for the Wilpons to sell

  4. Kurt Spitzner says:

    Who in their right mind would pony up 200 million dollars to have a minority stake in a team that has been mismanaged all the way to the top for the last ten years?And to make matters worse they will not supply an option for the purchase of the rest of the team,only the POSSIBILITY of buying a piece of SNY MAYBE in the future!.Unless another madoff situation arises,before the crash, i doubt anyone with any real money would be willing to risk it in this poor economy to try and float a team that has no place to go but down with its present ownership!The team and the fans need MARK CUBAN to step up be he will only do so with full autonomy just like anyone else with at least half a brain,but once again this is merely my opinion!

    1. Madison says:

      Mark Cuban has already said NO, plus he’s made bids for both the CUBS AND RANGERS and was turned down. BASEBALL does not want this guy owning a team period; get this through your heads Mets fans, plus he ALSO has a problem with INSIDER TRADING CHARGES for which he’s GOING TO TRAIL SOON. And, here’s a very important question, since owning the Mavericks, how many championships has he won?

      The Mets do not need a self center, it’s all me, Mark Cuban. There’s a reason why the NBA fines this guy a ton of money every year, he’s a head case. The needs need a deep pocket & very smart owner who understands baseball with a great baseball knowledge staff around him.

      Mets fans are not to bright

  5. John says:

    While I understand the Wilpon’s complete unwillingness to put a further purchase option/SNY on the table, what is baffling to me is that there is anyone at all interested in a minority stake. If I were a suitor, the ONLY way I would agree to a minority stake is with an iron clad option with a right of first refusal for the remainder at some point in time. This has (and continues to) make no sense to me.

  6. Tom P says:

    James McCann, because I know he’s a Mets fan.

Comments are closed.

More From CBS New York

Get Our Morning Briefs

Watch & Listen LIVE