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.
- Chris Sale will be sidelined for three weeks with foot fracture 10
- Aramis Ramirez says 2015 will be his last year 31
- Francisco Rodriguez re-signs with the Brewers 9
- If addiction is an illness — and it is — Josh Hamilton shouldn’t be suspended 290
- Pirates open to massive extension for Andrew McCutchen 18
- Report: Josh Hamilton had a relapse this offseason that “involved at least cocaine” 86
- Yankees don’t plan on having to pay A-Rod’s $30 million in home run milestone bonuses 51
- If addiction is an illness — and it is — Josh Hamilton shouldn’t be suspended (290)
- Report: The Yankees were “fuming” at how A-Rod handled his early arrival to spring training (114)
- Brian Sabean says that California taxes are a hindrance to the Giants signing free agents (102)