Showing posts with label Winning Bidder. Show all posts
Showing posts with label Winning Bidder. 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.

Monday, April 25, 2011

Mets could choose winning bidder of minority stake sale in a couple of weeks

NEW YORK - OCTOBER 29:  (L - R) Saul Katz, CEO...Image by Getty Images via @daylife
The Mets are a few weeks from choosing a winning bidder for its minority stake sale, The New York Post reported Saturday.

Several suitors were conducting extensive due diligence, a source close to the Mets said.

The Major League Baseball's owners' meeting was scheduled for May 12, and commissioner Bud Selig would likely be very relieved if the Mets' situation were resolved by that time.

MLB's recent takeover of the cash-strapped Los Angeles Dodgers raised questions on why it was not doing the same with the Mets.

Team owners Fred Wilpon and Saul Katz were not letting all eight suitors from the second round of the auction see the team's full financials, which is what would typically happen at this stage in an auction.

These suitors, as a result, would likely not be able to make a binding offer in a few weeks should the Mets' preferred bidders fall through, sources said.

Sources close to some suitors suspect that the Mets' auction may not be going as well as advertised, although the Mets maintain that it was.

Suitors who made it past the first round include: former Glencore commodity trader Ray Bartoszek; hedge fund honcho Steve Cohen; a group led by Steve Starker, co-founder of trading firm BTIG; and hedge fund manager Anthony Scaramucci.
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