Sep 10, 2011, 10:50 AM EDT
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.
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