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.
- Wrigley Field — the most human park in baseball — turns 100-years-old 12
- And That Happened: Tuesday’s scores and highlights 69
- Albert Pujols becomes 26th member of 500 home run club 45
- MLB suspends Martin Maldonado, Carlos Gomez, Travis Snider, and Russell Martin for Easter brawl 48
- “Respect the Game?” Phooey. 106