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.
- Drooling over Miguel Sano’s incredible numbers through 50 career games 23
- Matt Williams puts up another strong performance in his quest to get himself fired 102
- Settling the Scores: Tuesday’s results 75
- Yankees reveal Mark Teixeira’s shin injury is “more than we thought” 16
- There’s a chicken pox outbreak in the Royals’ clubhouse and multiple players are infected 28
- Shoeless Joe Jackson is not being reinstated 67
- And That Happened: Monday’s scores and highlights 66
- Cubs acquire Austin Jackson from Mariners 22
- Sarah Palin sticks up for Curt Schilling, tells ESPN to “stick to sports” (266)
- Dan Patrick: When does ESPN cut ties with Curt Schilling? (202)
- Curt Schilling taken off of ESPN’s Sunday Night Baseball telecast this week (134)
- Matt Williams puts up another strong performance in his quest to get himself fired (102)
- Joe Girardi would like Carlos Gomez to “play the game right” (97)