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.
Twins’ right-handed pitching prospect Yorman Landa passed away in a tragic car accident on Friday night, per a team statement. According to Mike Berardino of the Pioneer Press, 22-year-old Landa was in the passenger seat of the vehicle when it struck a fallen tree.
Daniel Szew, Landa’s agent, spoke highly of the young pitcher, who was one of his first clients back in 2010. Szew acknowledged Landa for helping him expand his company, LA Sports Management, and referred to the late pitcher as a leader and his “little brother.”
He was very even-keeled,” Szew said. “That was his personality. He wasn’t wild. That’s why this is so tragic. He wasn’t a wild guy. He was a happy-go-lucky guy who took life as it came, and he was super happy — always happy.
If leadership was one facet of Landa’s personality, so was loyalty. The 22-year-old agreed to a minor league contract with the Twins on Tuesday after getting cut from the 40-man roster, fulfilling a promise to re-sign with the club despite fielding multiple offers from competing teams. The deal included an invite to spring training, and comments from his agent suggested that the right-hander was “super confident” he’d break through to the major leagues in 2017, notwithstanding a troublesome shoulder injury that hampered his progress in High-A Fort Myers during the 2016 season.
“He never wanted to leave,” Szew told Berardino. “It was the only organization he ever knew.”
Our condolences go out to Landa’s family and the Twins organization during this terrible time.
MINNEAPOLIS — The Minnesota Twins say minor league pitcher Yorman Landa has died in Venezuela. He was 22.
The club said in a statement that the Twins are “deeply saddened by the heartbreaking loss.” The team did not say how he died.
Landa pitched in the 2016 season with the Fort Meyers Miracle, going 2-2 with 7 saves and a 3.24 ERA in 41 2/3 innings pitched. His career minor-league ERA was 2.66.
Landa had been on the Twins’ 40-man roster, but was dropped after the season. The organization signed him to a minor-league contract last week.
Landa was signed by the Twins in 2010 as a 16-year old from Santa Teresa, Venezuela.