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Monday, October 31, 2011

Jeff Wilpon says Mets' sale of minority shares are going very well

According to the NY Daily News, Mets chief operating office Jeff Wilpon said Monday that his team's sale of minority shares was "going very well."

After negotiations with potential investor David Einhorn collapsed last month, the Mets - whose principal owners are Fred Wilpon, Jeff Wilpon and Saul Katz - decided to sell smaller shares of the team, for approximately $20 million apiece. Since then, there has been scant news about the process.

Wilpon said Monday that the club was under no pressure to complete all deals by a certain date.

"There is an internal timetable that we're not going to share, but there is not a deadline where we have to make sure that everything has to be done," he said. "Some of the people might never be public. I don t think anybody knows all the minority shareholders in the other teams... it's just not widely known."

The Mets have yet to announce the completion of any sales.

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