Mar 9, 2011, 11:03 AM EDT
Unlike the Donald Trumps of the world, this seems plausible:
Paul Danforth, a former Mets executive who now holds a senior post at CAA Sports, the fast-growing sports division of the Creative Artists Agency of Hollywood, is a lead investor in a group seeking to buy a share of the Mets, according to a person who was briefed on the group’s interest.
He’s affiliated with his father-in-law who happens to be a retired investment banker. The Times reports that at least three other groups have applied to Major League Baseball to see the Mets’ financial statements. All of them are some fun mix of investment banking types, Wall Street types or entrepreneurs.
Danforth may be more serious than others. He worked for the Mets for 13 years in sales and his father-in-law has banking relationships with the Wilpons going back a decade or more. If the Wilpons are going to get someone to buy a minority share and nothing more, it may be more likely to be a friend. At the same time, if they do find it necessary to bake in some sort of option to take over into a minority sale, it may likewise be preferable for them to do so with a friend.
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