Saturday, January 29, 2011
As Sterling Equities announced in December, we are engaged in discussions to settle a lawsuit brought against us and other Sterling partners and members of our families by the Trustee in the Madoff bankruptcy. We are not permitted to comment on these confidential negotiations while they are ongoing.
However, to address the air of uncertainty created by this lawsuit, and to provide additional assurance that the New York Mets will continue to have the necessary resources to fully compete and win, we are looking at a number of potential options including the addition of one or more strategic partners. To explore this, we have retained Steve Greenberg, a Managing Director at Allen & Company, as our advisor.
Regardless of the outcome of this exploration, Sterling will remain the principal ownership group of the Mets and continue to control and manage the team's operations. The Mets have been a major part of our families for more than 30 years and that is not going to change.
As we have said before, we are totally committed to having the Mets again become a World Series winner. Our fans and all New Yorkers deserve nothing less.
Friday, January 07, 2011
Dear Mets Fans:
Happy New Year! I hope everyone enjoyed their holiday.
With Spring Training just six weeks away, I wanted to update you on our preparation for the 2011 season.
Yesterday, we wrapped up two days of meetings in Port St. Lucie where we went over organizational philosophy and how to implement it throughout the major and minor leagues. It was also the first opportunity for Terry Collins and his staff to sit down and discuss the mechanics of Spring Training and determine how they will emphasize fundamentals, mental and physical preparation and hard work. As Terry has said, the driving force will be playing the game the right way, which will lead to more wins.
Over the past two months, we have followed our plan of filling out our roster with reasonably priced players who have significant upside potential. As I have said before, our payroll - which will be among the highest in baseball - gives us limited flexibility, but we do have money to spend. We have acquired players who we think can thrive at Citi Field and complement our existing group of players.