Showing posts with label Bidding Groups. Show all posts
Showing posts with label Bidding Groups. Show all posts

Tuesday, May 24, 2011

Mets Ownership Close to Naming Minority Owner


There were many reports that the Mets were close to landing their sought after minority investor,  Steve Cohen. But according to the NY Post , the deal cooled off.

So the Mets Ownership have been in process for a couple of months and it seems like they are close to getting a legitimate investor/minority owner.

Team ownership has chosen a preferred bidding group led by former commodities trader Ray Bartoszek and investor Anthony Lanza and have been in advanced talks since last week on the proposed deal to sell up to a 49 percent stake in the money-losing team for $200 million, sources told The Post.

The talks are still in process because they have yet to iron out some sticky details, but it could be wrapped up and announced before the end of the month.

Wednesday, April 13, 2011

Hedge Fund Billionare Steve Cohen among bidders for Mets


U.S. hedge fund billionaire Steve Cohen is among the bidders for a minority stake in the New York Mets, according many reports

Cohen, who was born in Great Neck, New York, is a long-time Mets fan, according to the Wall Street Journal, which reported his involvement in the bidding. The person who confirmed Cohen’s involvement was granted anonymity because the matter is private.

Steve Starker, co-founder of the trading company BTIG; Ken Dichter, co-founder of Marquis Jets; and Douglas Ellin, creator of the HBO show “Entourage,” are part of another group that has bid for the Mets, the Journal said.

Another competitor is a group formed by hedge-fund manager Anthony Scaramucci, the founder of Skybridge Capital; and James McCann, the founder of 1-800-Flowers.com, which is a sponsor of the Mets, the New York Times reported.

An investment group led by David Heller, co-head of Goldman Sachs Group Inc.’s securities unit, and Mark Spilker, president of private-equity firm Apollo Global Management LLC, is out of the bidding, the Times said.

The Mets are seeking to raise about "$200 million to cover losses and pay down debt" and "recently requested that potential investors submit nonbinding letters confirming their interest in the team, including their bid price and size of the stake, which could range from 25% to 49%," the WSJ reported.
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Friday, March 18, 2011

NY Post: MLB approves at least 3 potential bidding groups


Major League Baseball has approved at least three potential bidding groups, according to the NY Post.


The groups include one led by the team of Goldman Sachs' David Heller and Apollo's Marc Spilker, and another including Steve Starker, co-founder of the global-trading firm BTIG and Ken Dichter, the co-founder of Marquis Jet as potential New York Mets owners, sources said.

At least one or two additional bidders have also been passed along to the MLB Commissioner, and could be cleared to bid for the team, sources said.

Each of the groups were first vetted by Mets investment bank Allen & Co.

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