Sep 10, 2011, 10:50 AM EST
The Mets had a conference call with their lenders on Thursday and during the call they said that they were optimistic that they can sell multiple $20 million-$30 million stakes in the team between now and the end of the year. Stakes they have to sell, you’ll recall, because their deal to sell one big $200 million chunk to David Einhorn fell through.
The New York Post reports, in contrast, that “both a potential bidder and a source close to the situation said they believed the Mets would have a hard time finding buyers for the smaller investment stake.”
I’m not sure what the upside is for someone purchasing a small stake like that. No chance for exerting any real control, no chance for majority ownership and, given the current state of Mets finances, a much greater chance that they’d be asked to make future capital calls as opposed to cashing future dividend checks.
- The Phillies have told teams they’d trade Cliff Lee and Cole Hamels 47
- Mark Prior’s retirement reminds us that young pitchers will break your heart 23
- Roy Halladay is retiring 53
- Tony La Russa Bobby Cox, Joe Torre all unanimously elected to the Hall of Fame 49
- Tony Blengino says recent report on Seattle front office is “just the tip of the iceberg” 61
- Robinson Cano agrees to $240 million deal with Mariners (260)
- Yankees agree to seven-year, $153M contract with free agent outfielder Jacoby Ellsbury (160)
- Report: Mariners willing to offer Robinson Cano a 10-year, $240 million deal (143)
- Report: Yankees have agreed to a three-year deal with Carlos Beltran (125)
- Brett Gardner is drawing “significant” trade interest (112)