This is fun. Adam Gross from the Metsonline blog talked to a financial industry source to get an assessment of the merits of those minority stakes the Mets are trying to sell off. Click through for the detailed comments of the financial guy. In the meantime, here is the upshot:
He basically responded saying that no one should want to become a minority owner because the benefits that you get from becoming an owner are available for a much cheaper sum and the investment has essentially no upside.
But hey, discounts on foam fingers and stuff.
Anyway, why do I feel like this is going to end much like Tom Hicks’ gambit of selling off minority shares in the Rangers a couple of years ago? With the whole team for sale.
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- 78mu - Dec 23, 2011 at 2:38 PM
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There has to be some sort of The Producers angle in here somewhere. Would that make the Mets Springtime For Hitler?
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- stex52 - Dec 23, 2011 at 2:40 PM
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The other downside is having to watch the Mets for all those years.
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- cur68 - Dec 23, 2011 at 2:51 PM
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Fred & Co going to go gently into the night, which is a pity, really. If he went with the kind of flair for self destruction as McCourt it would make for more lively press.
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- ermur22 - Dec 23, 2011 at 2:52 PM
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Selig should force them to sell the team just like the Mcourt
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- bigleagues - Dec 24, 2011 at 1:55 AM
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Only problem . . . Fred Wilpon and Bud are boys.
I wonder what Nelson Doubleday is thinking aloud these days . . .
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- paulsdamnblog - Dec 23, 2011 at 3:35 PM
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So basically being an owner of the Mets would suck as much as actually playing for the Mets.
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- jwbiii - Dec 23, 2011 at 3:51 PM
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It’s probably better to be a Met than a Mets fan. The cash flow is more favorable.
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- paulsdamnblog - Dec 23, 2011 at 3:59 PM
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Great point! I wonder if its like getting coal in your stocking 365 days of the year? Except instead of just coal its coal that sucks.
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- franklapidus316 - Dec 23, 2011 at 3:48 PM
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If they let Keith drive you to the airport or help you move furniture it might have some value….
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- mcsnide - Dec 23, 2011 at 4:32 PM
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That really depends on how many times you’ve hung out with him before.
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- derekjetersmansion - Dec 23, 2011 at 8:54 PM
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The Wilpons seem to want to go down with this ship, if they even realize it’s going down. It’s becoming Shakespearean.
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- adenzeno - Dec 24, 2011 at 8:44 AM
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To win or not to win
That is the question
Whether tis nobler as a fan
To suffer the bad contracts
And inept play,
Or to take umbrage against a sea of bad ownership
And by taking umbrage, end it. To boycott, to abstain
To attend no more, to say we end
The anguish and angst of bad baseball
And deny the Wilpons the lucre
With which to perpetrate the fraud
Of resposible ownership….
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- mojosmagic - Dec 25, 2011 at 8:41 PM
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The only reason anyone would buy in to what the Wilpon’s are suckering would be ego. But why would anyone want to say they owned a share in the Mets at their next cocktail party? People might ask what free agents are you going to sign and what will you say? We are making runs at Aubrey Huff, Delmon Young, and have a good chance of landing Leo Nunez. I think the Wilpon’s are finished.
