Comments on: Signs continue to point to hedge fund manager Steve Cohen buying into the Mets http://hardballtalk.nbcsports.com/2011/05/06/signs-continue-to-point-to-hedge-fund-steve-cohen-buying-into-the-mets/ Baseball. Baseball. And then a bit more baseball. Sat, 18 May 2013 17:16:39 +0000 hourly 1 http://wordpress.com/ By: ltzep75 http://hardballtalk.nbcsports.com/2011/05/06/signs-continue-to-point-to-hedge-fund-steve-cohen-buying-into-the-mets/comment-page-1/#comment-135624 Fri, 06 May 2011 17:42:57 +0000 http://hardballtalk.nbcsports.com/?p=55582#comment-135624 Whomever ends up purchasing the team (and it will likely be some form of I-Banker/Financier/etc.) will almost certainly include a right of first refusal provision to purchase the remaining 0.02% at a pro-rated share of the original sale price (i.e.: they purcahse 49.99% interest, and thus still a “minority” owner). Thus, if the sale price previously stated as being around 200-250mm, a Wall St vulture could swoop in and effectively arrange a structured purchase of the Mets for a song. Also, at least with insider trading, its decidedly less risky than investing in a ponzi scheme; you may go to jail, but there’s little chance the transaction itself will have the value wiped out.

However, as the NY Post reported this, I’m assuming its false, as EVERYONE knows its just a rag tabloid….

/awaits PR comments of chrisny3…

]]> By: cur68 http://hardballtalk.nbcsports.com/2011/05/06/signs-continue-to-point-to-hedge-fund-steve-cohen-buying-into-the-mets/comment-page-1/#comment-135510 Fri, 06 May 2011 14:45:07 +0000 http://hardballtalk.nbcsports.com/?p=55582#comment-135510 Steve Cohen’d be seriously judgmentally impaired if he left the financial running of the team up to the Wilpons. If those guys were a player they’d have been demoted to single A by now. Lousy judgement calls, followed by poor decisions, garnished with poor production, topped by gross errors do not grant you “endless chances to get it right” if you are a player. See one Oliver Perez.

The other thing is Steve Cohen’s solvency to buy into the team. Do the other owners have to approve a minority owner? If they do, can they force him to disclose his debt level? The last thing the poor Mets and MLB need is another debt ridden, leveraged to the eyeballs owner on board.

The Wilpons should send Frank McCourt a buck to thank him for distracting the world from their own mess. Thanks to Frankie boy’s bungling around in LA the Wilpons have been able to fly under the radar for a bit.

]]> By: mattjg http://hardballtalk.nbcsports.com/2011/05/06/signs-continue-to-point-to-hedge-fund-steve-cohen-buying-into-the-mets/comment-page-1/#comment-135508 Fri, 06 May 2011 14:42:47 +0000 http://hardballtalk.nbcsports.com/?p=55582#comment-135508 You mean this Steve Cohen?

http://www.businessinsider.com/trades-in-steve-cohen-account-being-investigated-2011-5

Insider trading investigations: hey at least they aren’t Ponzi scheme convictions! I can’t see Selig/the other owners approving this given the Wilpons’ relationships with other questionable financiers.

]]> By: BC http://hardballtalk.nbcsports.com/2011/05/06/signs-continue-to-point-to-hedge-fund-steve-cohen-buying-into-the-mets/comment-page-1/#comment-135507 Fri, 06 May 2011 14:40:23 +0000 http://hardballtalk.nbcsports.com/?p=55582#comment-135507 I’ll say this one last time…..
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