We’re nearing round two of the Mets-seek-investors thing

31 Comments

A source tells the Daily News that the list of potential investors in the Mets has been whittled down to eight, and that those eight have all been vetted by Major League Baseball, leaving the decision solely in the hands of the Wilpons.  The offers are characterized as ranging from “marginally acceptable” to “very acceptable.”  There is talk of a round two, so we may very well have a further narrowing down in the future before we hear of any decision.

By the way, this quote, from the head of a sports investment bank, may be the quote of the year:

“I personally know seven billionaires who love the Mets and would love to own the Mets”

Personally? Well, then.

Anyway, I’m still way less interested in the cash involved than I am in the details of the deal. Specifically, whether the offers contain any provisions for the investor to increase their stake in the team in the future if they so desire or if certain things happen with respect to the Wilpons in terms of liquidity, liability or what have you.