Dec 23, 2011, 2:23 PM EST
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.
- Merry Christmas from HBT! 43
- THE YEAR IN REVIEW: HBT’s most commented-upon stories of the year 84
- The Yankees are treating Alex Rodriguez differently than they treated Derek Jeter. So what? 36
- Braves sign setup man Jason Grilli to two-year contract 13
- My Imaginary Hall of Fame Ballot 120
- Phil Hughes signs a three-year extension with the Twins 27
- The Padres have talked to the Phillies about Cole Hamels 23
- Why is John Smoltz a shoo-in for the Hall of Fame? 63
- Bud Selig will get a $6 million a year pension. Which is obscene. (145)
- My Imaginary Hall of Fame Ballot (120)
- Today’s specious anti-Mike Piazza-for-the-Hall-Fame argument (94)
- St. Petersburg City Council votes down deal to allow Rays to look for new stadium site (90)
- Phillies GM told Ryan Howard they’d be better off “not with him but without him” (85)