The Mets’ search for investors is moving slowly

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When David Einhorn backed out of buying into the Mets, the Mets announced that rather than finding one big sugar daddy that they’d look for multiple sugar babies instead. Investors looking to give them, say $20 million a pop.  The search for such beasts has been ongoing, but it’s not going quickly:

At this point, none of the units have been sold, said two people briefed on the status of the sales who spoke on the condition of anonymity. They added that there were strong buyer commitments for as many as seven of the shares. However, until there are equally firm offers for the other units, it is possible that none of them will be sold.

I still don’t get who would want to own a small part of a closely-held corporation like this. No control and the possibility of capital calls whenever.  Fine, you can say you own a piece of the Mets and get a suite at the games.  I could go to parties all over the city for a year and tell people I own part of the Mets and I bet no one would bother to call my bluff.  A suite can be had for less than $20 million.

Oh well. The rich are different than you and me.

Report: Mariners sign Juan Nicasio to a two-year deal

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Ken Rosenthal of The Athletic reports that the Mariners have signed pitcher Juan Nicasio to a two-year contract, pending a physical.

Nicasio, 31, spent last season with the Pirates, Phillies, and Cardinals, putting up an aggregate 2.61 ERA with a 72/20 K/BB ratio in 72 1/3 innings. He appeared in 76 games, leading the National League.

Nicasio will help bolster the Mariners’ bullpen behind closer Edwin Diaz. It’s not known exactly what role he’ll have but it seems reasonable to assume he’ll handle mostly the seventh inning while Nick Vincent will set up for Diaz. Nicasio does have plenty of starting experience so he could also spot start in a pinch.