Nov 5, 2011, 2:50 PM EDT
Looking to sweeten interest among potential minority investors, the New York Post reports that the Mets are willing to cover three percent interest per year over the course of a six-year investment.
For those unfamiliar, the Mets announced plans in September to sell off $20-30 million stakes in the team after a proposed $200 million deal with hedge fund manager David Einhorn fell through.
Mets chief operating officer Jeff Wilpon told Adam Rubin of ESPN New York on Monday that the process of selling minority blocks was “going very well.” However, since there is no path to ownership, this latest development is an indication that potential investors need more incentive than owning a tiny piece of the team for vanity purposes.
- Hank Aaron is getting vile racist hate mail in retaliation for pointing out that racism still exists (244)
- “They Don’t Know Henry” (167)
- The Red Sox are still steamed that a PED guy played against them in the playoffs last year (133)
- Doug Glanville’s story about being racially profiled at his own home (125)
- There is still a racial divide in baseball (112)