Report: Time Warner, Comcast riding to the Mets’ rescue

15 Comments

The Mets have been casting about for investors for a long time now, and they’ve not had a ton of success yet.  Yesterday it was reported that one of the $20 million shares they’ve been peddling is going to hedge fund manager Steven Cohen.  Today we hear where more of those shares are going. From Richard Sandomir of the New York Times:

Time Warner Cable and Comcast are nearing a plan to finance SNY’s purchase of four shares in the Mets, worth $80 million, said one person with knowledge of the plan who was not authorized to speak publicly.

Kind of convoluted, in that Fred Wilpon and Saul Katz’ company — Sterling equities — owns SNY, and then, in turn, SNY will own a stake of the Mets. Time Warner and Comcast, in turn, own stakes in SNY.  Makes my head get all fuzzy thinking about it.

Ultimately, though, the idea seems to be that Time Warner and Comcast don’t want to see the regional sports network they own suffer, and by shooting money, somewhat indirectly, to the Mets, they’re shoring up their network’s programming. Which makes more sense to me than some random rich person giving the Wilpons money as some sort of vanity investment. At least there are stakes here for the cable companies.

Oh, and I suppose I should offer a two-part full disclosure here: (1) Comcast owns NBC and NBC pays me, so you know; and (2) if things go sideways for the Wilpons and Comcast does something nutty like take the Mets over completely, I promise that when I am installed as the team’s Lord Protector that I shall be tough but fair in my administration of its affairs.

The Cubs will try to clinch the NL Central on Tuesday

Dylan Buell/Getty Images
Leave a comment

The Cubs soundly defeated the Cardinals on Monday night, 10-2, sending their magic number down to one. They will try to clinch the NL Central on Tuesday with another win against the Cardinals. Alternatively, if they lose, they can still clinch if the Brewers also lose on Tuesday.

The Cubs, of course, won the Central last year en route to winning their first World Series since 1908. It wasn’t nearly as easy this year as the club was below .500 entering June and was exactly at .500 entering July. A 16-8 July, 17-12 August, and 15-8 September have helped put the Cubs back in position to return to the postseason.

Not to be forgotten, the Cardinals were eliminated from NL Central contention with Monday’s loss. Now they have their sights set on the second NL Wild Card slot and currently trail the Rockies in that race.

The matchups for Tuesday’s action:

Carter Capps to undergo surgery for thoracic outlet syndrome

Kent Horner/Getty Images
Leave a comment

Dennis Lin of the San Diego Union Tribune reports that Padres pitcher Carter Capps will undergo surgery this offseason to address thoracic outlet syndrome, which doctors believe caused the right-hander’s blood clots. The Padres hope to have him ready by spring training next year.

Capps, 27, underwent Tommy John surgery last year and didn’t debut this season until August 7. He made 11 relief appearances, yielding nine runs on 12 hits and two walks with seven strikeouts in 12 1/3 innings. He went back on the DL on September 12 due to the blood clot issue.

The Padres acquired Capps from the Marlins last July in the Andrew Cashner trade which ended up having a lot of moving parts. Capps will enter his third and final year of arbitration eligibility this offseason. It’s quite possible the Padres choose to non-tender him.