Skip to content

Saul Katz wants to sell his share of the Mets

May 12, 2014, 4:14 PM EST

Fred Wilpon, Saul Katz

The New York Times reports that Saul Katz, who along with Fred Wilpon own around a 2/3 interest in the New York Mets, wants to sell his ownership stake.

The problem — if he sells his share, that likely deprives Fred Wilpon of his control of the team, because Wilpon doesn’t independently own 50%+ of the team. He runs it now in a partnership with Katz, who has always left baseball operations to Wilpon. If Katz were to structure the sale of his stake in such a way to prevent anyone else from having a share as large as Wilpn’s — say to separate buyers — he’d get way less than what the shares are actually worth given the lack of any team control offered to the buyers.

So, if Wilpon is to keep control of the team he’d have to buy out Katz himself, which is unlikely given the kinds of cashflow problems Wilpon has. Or I suppose he could try to get Katz to agree to take a fraction of what his large interest might go for in breaking it up among multiple buyers. For what it’s worth,┬áKatz and Wilpon are brothers-in-law and business partners outside of the Mets, so I suppose anything is possible.

My guess: this is Katz making some noise and starting what may be a long process of getting out from under the Mets, not the harbinger of anything imminent given Wilpon’s desire to give the team to his son Jeff and given the logistical problems in place.

But, hey, if it allows Mets fans to at least begin to imagine what it’d be like for their team to be owned by people who actually have money to spend on this team I suppose it’s better than nothing.

Latest Posts
  1. A.J. Pierzynski to earn a $2 million base salary with the Braves

    Dec 26, 2014, 10:25 PM EST

    A.J. Pierzynski A.J. Pierzynski

    The Braves’ one-year deal with catcher A.J. Pierzynski is for $2 million.

  2. Rafael Furcal suffers torn hamstring, will miss Dominican Winter League playoffs

    Dec 26, 2014, 9:20 PM EST

    Rafael Furcal Rafael Furcal

    Rafael Furcal has suffered another injury, this time a torn hamstring which will keep him out of the Dominican Winter League playoffs.

  3. Report: Phillies nearing a deal with Wandy Rodriguez

    Dec 26, 2014, 8:03 PM EST

    Wandy Rodriguez Wandy Rodriguez

    If Wandy Rodriguez passes his physical, the Phillies are expected to sign him to a minor league deal.

  4. Jeff Manship signed a minor league deal with the Indians

    Dec 26, 2014, 7:10 PM EST

    Carlos Ruiz, Jeff Manship Carlos Ruiz, Jeff Manship

    Jeff Manship will begin the spring with the Indians after signing a minor league deal.

  5. Giants may target Ben Zobrist

    Dec 26, 2014, 6:05 PM EST

    Ben Zobrist Ben Zobrist

    According to Peter Gammons, some GMs think the Giants will eventually trade for Ben Zobrist.

  6. Report: Hiroki Kuroda is going back to Japan

    Dec 26, 2014, 3:49 PM EST

    Hiroki Kuroda Getty Images

    After seven years in the United States, Hiroki Kuroda is heading home.

  7. Nationals sign Dan Uggla

    Dec 26, 2014, 11:32 AM EST

    dan uggla getty Getty Images

    Uggla hit .179 in 2013 and .149 this year.

  8. Baseball in Uganda? Yes, baseball in Uganda.

    Dec 26, 2014, 11:00 AM EST

    Uganda tourism destinations

    And it’s all thanks to a man named George Mukhobe.

  9. Giants re-sign J.C. Gutierrez

    Dec 26, 2014, 10:30 AM EST

    Juan Gutierrez Giants AP

    He threw 64 innings with a 3.96 ERA and 44/16 K/BB ratio for the Giants in 2014.

  10. Padres season ticket sales have spiked in the wake of their offseason spending spree

    Dec 26, 2014, 9:35 AM EST

    padres logo

    Remember, Red, hope is a good thing, maybe the best of things.

  11. Chihiro Kaneko re-signs with Orix Buffaloes

    Dec 25, 2014, 3:05 PM EST

    kaneko getty Getty Images

    Japanese righty Chihiro Kaneko might have been one of the top starters on the open market this winter had he been posted by the Orix Buffaloes, his Nippon Professional Baseball team.

  12. 2015 Free Agent Tracker

    Dec 25, 2014, 1:23 PM EST

    Hanley Ramirez Hanley Ramirez

    Your one-stop shop for all of the offseason signings.

  13. Merry Christmas from HBT!

    Dec 25, 2014, 8:47 AM EST

    Screen Shot 2014-12-25 at 8.45.33 AM

    And a very special friend of HBT

  14. Tommy Lasorda reads “Twas the Night Before Christmas”

    Dec 24, 2014, 10:00 PM EST

    mlb video

    A good way to finish off our Christmas Eve coverage on HardballTalk …

  15. Kenta Maeda re-signs with the Hiroshima Carp

    Dec 24, 2014, 8:04 PM EST

    kenta maeda getty Getty Images

    The sought-after 26-year-old right-hander has now officially re-signed with the Hiroshima Carp for the 2015 season, according to the Japan Times.

  16. Rockies sign outfielder Roger Bernadina

    Dec 24, 2014, 6:17 PM EST

    roger bernadina getty Getty Images

    Ben Badler of Baseball America reports that the Rockies have agreed to terms on a minor league contract with outfielder Roger Bernadina.

  17. What baseball team did people from Bedford Falls root for?

    Dec 24, 2014, 4:21 PM EST

    IAWL

    A toast to my big brother George: The richest man in town. Well, except for Mr. Potter. That guy is LOADED.

  18. The Braves and A.J. Pierzynski reach a one-year deal; first reported in a ham store

    Dec 24, 2014, 2:00 PM EST

    Ham

    No, really. The news broke on line at a Honeybaked Ham store.

  19. THE YEAR IN REVIEW: HBT’s most commented-upon stories of the year

    Dec 24, 2014, 1:00 PM EST

    megaphone

    Based on these results, no, we will not stick to baseball. Because you clearly don’t want us to.

Featured video

Cubs shore up rotation with Jon Lester
Top 10 MLB Player Searches
  1. W. Myers (2133)
  2. J. Kang (2029)
  3. D. Ross (1914)
  4. M. Scutaro (1822)
  5. J. Shields (1818)
  1. C. Gonzalez (1791)
  2. D. Haren (1788)
  3. T. Tulowitzki (1707)
  4. J. Grilli (1688)
  5. S. Smith (1536)