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Wednesday, June 13, 2012

Flowers Anyone??? 1-800 Flowers Owner Buys Piece of the Mets

According to the Wall Street Journal, The New York Mets say that 1-800-Flowers founder Jim McCann has purchased a minority stake in the team.

The team has been selling limited partner shares for $20 million each. Comedian and TV host Bill Maher bought one, too.

The Mets' owners sought to raise cash after they were sued by the trustee seeking to recover money for victims of the Bernard Madoff Ponzi scheme. In March, Mets owners Fred Wilpon and Saul Katz reached an agreement with the trustee for Madoff's fraud victims, averting a high-profile civil trial.

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