Mets’ chief operating officer (COO) Jeff Wilpon released a statement Monday to address the failed sale of the team to hedge fund billionaire Steve Cohen.
“As spring training begins, on behalf of ownership, we would like to share more information on why the proposed transaction has ended however, due to confidentiality and non-disclosure agreements, we are unable to do so at this time,” Wilpon said. “So right now, I believe we need to focus on the future and not the past and that’s what we intend to do.”
Wilpon added that the team is committed to winning in 2020 and the Mets are moving on with the sale of the team, however, no updates will be given in the process until it’s complete.
“We will not be giving details or updates on the timeline or process until we are prepared to make a public announcement,” Wilpon said. “Thank you, that’s all I can say for now.”
On Sunday, an article by Bloomberg was published that said Allen & Co., the investment bank retained by the Mets, would be begin to gauge interest in the team today, Feb. 10.
A big takeaway from the article was that SNY would not be part of the transaction and it opined that whoever does buy the team will have to endure $50 million in losses each year.
We will keep you up to date with the process, and if more information becomes available.
