Here is the conference call courtesy of SNY.
In a nutshell, Fred Wilpon has indicated that the Mets are looking to sell about 20-25% of the team.
Considering that the team is worth a staggering number that could come close to one billion dollars, we are talking about a potential investor who can come in with about $200 – $250 million dollars to buy themselves a minority stake in the New York Mets. That’s a lot of Shake Shack burgers!
MetsBlog has some of the other highlights from the conference call:
- Exploring our options – such as the possibility of bringing in a strategic partner, or partners – is the right thing to do.
- They are ‘exploring options,’ and wanted to be up front about it.
- Sterling will continue to be the principle owners of the Mets.
- This is not a ‘Mets issue primarily,’ this is a Sterling Equities issue.
- Sterling is in confidential settlement talks with the Maddoff trustee, and he hopes they come to fruition, but, as of now, ‘it is an uncertainty.’
- ‘We have discussed a minority interest in the 20, 25 percent range.’
- MLB has not put any pressure on the team to seek a potential partner.
- There is no circumstance under which he would consider selling the team.
The most important thing to note here is that they will not consider selling the team.
