Mets To Sell 10 Shares Of Team

An article by posted on January 31, 2012

According to Steven Marcus of Newsday, the Mets expect to complete the sale of ten minority shares of the team at $20 million each by the end of February.

It previously was believed that the Mets would close on a minimum of four units by the end of January. No reason was given for the new timetable or whether the closings would take place at the same time. None of the potential investors has been revealed. Major League Baseball has been involved in vetting the partial owners.

Earlier this month, principal owner Fred Wilpon expressed optimism about the process, but the Mets Monday had no comment on when the new investors will be in place.

I’m almost certain Joe D. will weigh in on this today, he’s been saying all along that all ten shares would be sold before the season started.

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