Showing posts with label Jim McCann. Show all posts
Showing posts with label Jim McCann. Show all posts

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.

Tuesday, March 08, 2011

Might be a Mets Flower-Night in the Future?


A group of investors has expressed interest in buying a 25 percent, non-controlling stake in the New York Mets.


The lead investor is James McCann, the founder and chairman of 1-800-Flowers.com — a company that happens to be a major sponsor of the New York Mets.

Oh, and McCann's own spokesman describes him as "a very close friend of Fred and Jeff Wilpon."

According to New York Times, a group led by McCann has asked Major League Baseball for permission to see the books, the first step in a possible "friendly" investment in the club.

Experts have long considered it unlikely that any rational investor would buy such a large stake in the team, while the Wilpons continued to insist that they would not give up control. But apparently, they just needed to ask the right friend.

The Mets and 1-800-Flowers.com have something else in common: The bulb company lost $4.2M last year.

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