Tweet, Tweet: Wilpons Off The Hook

By / July 20, 2011 / 2011 Season

Well there goes any hopes of the Wilpons being forced to sell the Mets completely.

In other news, the Wilpons are in negotiations with three others on the purchase of the minority stake in the Mets. Seriously? Can we get this over with already? Apparently, David Einhorn is being a hardass on some things. So the Wilpons are seeing what else is out there  for them.

Adam Rubin feels it will be done by August

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Tanya

3 Comments

Paul

It’s probably a good thing if the Wilpons can put the Madoff mess behind them. I know a lot of people want them to sell, but I’m not sure they’re really prepared for the misery of being a Met fan while it was happening. And at the end of it all, there’s no guarantee that the new owner would be any more to their liking.

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Tanya Mercado

Of the Wilpons paid the players Mets fans wanted and the Mets made it to the World Series to win, the fans would jump on their bandwagon. Makes me crazy sometimes!

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dyhrdmet

I’m wondering what to make of all of this. The Wilpons still need money, even if the Madoff mess goes away. I still believe they used their ill-gotten gains to run the club (and maybe even buy out Doubleday in 2002), and that well was cut off 3 years ago, so they need revenue. More buyers either means smaller pieces of the pie for each investor (so that the Wilpons still own a majority and get their money, but nobody can easily do what amounts to a takeover of the club), or the Wilpons are trying to sell several $200 million pieces of the club (think of the prison scene at the end of ‘The Producers’ where they sell off 10% of the play to 50 different investors). Just remember the Wilpons’ track record when it comes to speaking about their money.

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