Forgive me if I’m not optimistic about the Wilpons’ chances of finding “strategic partners” who will gladly fork over millions in exchange for a minority share of the team, leaving the Wilpons in control. Why am I skeptical? Because the last time a baseball owner was in deep financial trouble and sought minority investors, it didn’t quite turn out the way he planned:
“I’ve been quietly looking for minority investors to come back into the ownership of the Rangers as a way to be prudent in a bad economy,” [Tom] Hicks said. “I’m doing the same thing with the Stars. At the end of the day, I’ll still have 51-to-60 percent of the ballclub and have new partners. That doesn’t change anything.
A little less than a year later Tom Hicks was being squeezed out completely while Mark Cuban and Chuck Greenberg fought tooth-and-nail for total control of the Texas Rangers.
It’s just a simple fact of investment life: minority shares in non-public entities are not worth anything close to what a controlling interest is worth. Perhaps the Mets, who likely have a much better potential cashflow than most teams, will still be an attractive investment who is merely interested in saying they own a piece of the team. But if the Rangers example is any indication, there aren’t a whole hell of a lot of people who want to be silent partners when the majority owner asking for a handout is in financial distress.
The Mets are an extremely valuable property. Their owners are in financial trouble. This is what most savvy investors call “an opportunity.” It strains credulity to think that people won’t make some offers for control of the Mets that the Wilpons find awfully hard to refuse.
We’ve got some potential craziness building in the American League Wild Card race with one day left in the regular season.
After dropping both halves of a doubleheader on Saturday in Baltimore, the Yankees are now just one game up for the first spot — hosting duties. Houston, currently in the second spot, won again Saturday in Arizona behind two Colby Rasmus homers and a very good start from Collin McHugh. Anaheim won Saturday in Arlington, Texas in maybe the wildest game of the year to stay one game back of the ‘Stros.
This also touches the still-undecided American League West, where the Rangers only have a one-game lead on the Astros and will face a fired-up Angels team on Sunday afternoon. By design, the start times for all these games that matter are the same: 3:05 p.m. ET. Only the Cardinals and Braves will play at a different time (due to Saturday’s rainout).
Buckle up, people. Get your popcorn ready. All that.
Your box scores and AP recaps from Saturday …
Yankees 2, Orioles 1 (Game 1)
Royals 5, Twins 1
Angels 11, Rangers 10
Nationals 3, Mets 1 (Game 1)
Rockies 2, Giants 3
Marlins 7, Phillies 6 (Game 1)
Blue Jays 3, Rays 4
Reds 3, Pirates 1
Yankees 3, Orioles 4 (Game 2)
Red Sox 0, Indians 2
Cubs 1, Brewers 0
Nationals 2, Mets 0 (Game 2)
Marlins 5, Phillies 2 (Game 2)
Astros 6, Diamondbacks 2
Padres 1, Dodgers 2
Athletics 7, Mariners 5 (13 innings)
Facing an elimination number of one, the Astros staved off elimination in the AL West by beating the Diamondbacks on Friday night by a 6-1 margin. The Rangers suffered a heartbreaking loss to the Angels on Saturday afternoon, which temporarily put the Astros’ fate in their own hands.
Colby Rasmus hit a pair of solo homers and Jose Altuve added a solo shot of his own. Starter Collin McHugh tossed seven innings of one-run ball, limiting the Diamondbacks to six hits and a walk with six strikeouts. Reliever Will Harris allowed a solo home run to Paul Goldschmidt in the eighth, but Luke Gregerson closed out the game with a scoreless ninth.
The Astros trail the Rangers by one game in the AL West and lead the Angels by one game for the second AL Wild Card slot. The Rangers can clinch the AL West on Sunday afternoon with a win or an Astros loss. The Astros can clinch the second AL Wild Card on Sunday afternoon with a win or an Angels loss.
The Yankees lost both ends of Saturday’s doubleheader against the Orioles and lead the Astros by only one game for the first AL Wild Card slot.
If the Astros win and the Rangers lose on Sunday, they will play an AL West tiebreaker in Texas. The winner will win the second AL Wild Card if the Yankees win on Sunday, or the first AL Wild Card if the Yankees lose on Sunday.
If the Astros lose and the Angels win on Sunday, the two teams will be tied for the second AL Wild Card. They would play a tiebreaker in Houston, and the winner would play the Yankees in New York in the Wild Card game.