This is fun. Adam Gross from the Metsonline blog talked to a financial industry source to get an assessment of the merits of those minority stakes the Mets are trying to sell off. Click through for the detailed comments of the financial guy. In the meantime, here is the upshot:
He basically responded saying that no one should want to become a minority owner because the benefits that you get from becoming an owner are available for a much cheaper sum and the investment has essentially no upside.
But hey, discounts on foam fingers and stuff.
Anyway, why do I feel like this is going to end much like Tom Hicks’ gambit of selling off minority shares in the Rangers a couple of years ago? With the whole team for sale.
The White Sox won’t make a bid for free agent outfielder Bryce Harper, Bruce Levine of 670 The Score reports. Believed to be the favorites to land shortstop Manny Machado in free agency, the White Sox watched him ink a 10-year, $300 million contract with the Padres. The club is apparently content with its roster otherwise.
Harper would certainly be an upgrade in the outfield, which currently features Adam Engel, Nicky Delmonico, and Jon Jay. It will soon feature prospects Eloy Jiménez and Luis Robert.
Last season, Harper hit .249/.393/.496 with 34 hom eruns, 100 RBI, 103 runs scored, and 13 stolen bases in 695 plate appearances. He led all of baseball, drawing 130 walks. Harper is also a six-time All-Star who won the 2012 NL Rookie of the Year Award and the 2015 NL Most Valuable Player Award.
The Phillies are still believed to be the favorites to sign Harper and the club is confident it will land him, Matt Breen of the Philadelphia Daily News reports.