Showing posts with label Mike Repole. Show all posts
Showing posts with label Mike Repole. Show all posts

Monday, February 28, 2011

Potential Mets Buyer No Longer Interested

According to the Wall Street Journal,  Michael Repole—the co-founder of Vitaminwater, the chairman of Pirate’s Booty Snacks and Energy Kitchen, and a Queens native—is no longer interested in purchasing a minority share of the Mets, he said in an e-mail interview Sunday.

“Under the right circumstance I would have an interest,” Repole said. “The circumstances now are not right for me.”

Earlier this year, Repole had expressed a desire to buy part of the team to Steve Greenberg, the managing director of Allen & Company, the firm that Mets ownership retained to search for a buyer. Both the Mets and Greenberg are aware, Repole said, that he has changed his mind.

Friday, February 11, 2011

Reuters: Mike Repole steps up to plate for Mets, but wants cable share too

Mike Repole stepped to the plate after Mets owners, including chairman Fred Wilpon, said they might sell a minority stake as the trustee recovering money for victims of the Bernard Madoff fraud sued them to recover as much as $1 billion.

The native New Yorker Repole, co-founder of Vitaminwater and chairman of snack food Pirates Booty and healthy fast-food chain Energy Kitchen. Told Reuters that spending hundreds of millions for a 25 percent share in the team needed to include a stake in SNY, which Wilpon had said would not be included in a fund-raising deal.

"This is a team I rooted for my whole life," Repole said in a telephone interview Friday. "I just think it's going to be very difficult to find a minority partner the way the deal is being structured."

"It's a lot of money to put up to have no real control," he said. "It would be cheaper to get four front row season tickets than 25 percent with not much say.

"It's a hard deal to sell to anybody when it's just the ball club and not the network."

Sunday, January 30, 2011

Potential Mets Buyers have Emerged

One person is Mike Repole, who owns Kentucky Derby entrant Uncle Mo and made a fortune with the sale of Vitaminwater to Coca-Cola, according to the Daily News.

The Post countered by identifying Martin Luther King III, son of the late civil rights leader, as a potential buyer.

That group reportedly also would include Ed Kranepool and Donn Clendenon Jr., son of the ex-Met. However, that group wants at least a 50 percent stake, according to the newspaper, which is not what Fred Wilpon said is for sale.

Finally, multiple reports name Martin Silver, owner of Georgi Vodka, who has been outspoken for a while in wanting to purchase the club.
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