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.
- Eduardo Rodriguez dazzles in major league debut 7
- Masahiro Tanaka expected to rejoin Yankees next week 4
- Alex Rodriguez is the all-time AL RBI champion. Sorta. 76
- And That Happened: Wednesday’s scores and highlights 85
- Cardinals GM John Mozeliak: Matt Adams out 3-4 months, possibly the year, with torn quad 60
- Bryce Harper leads in the first round of National League All-Star voting 29
- Buster Olney: The Marlins should hire A-Rod to be their next manager 54
- Breaking down the Braves-Dodgers trade 20