Monday, January 31, 2011

Why People Won't Buy What the Wilpon's are Selling

According to Darren Rovell, CNBC's sports business reporter, nobody is going to bother paying $200 million for a minority piece of the team. This makes sense. That's an awful lot of money to pay just to sit in the background and have no major say in the team's operations.

Rovell thinks the Wilpon's have two options:

1. Sell the 20-25 percent and throw in a part of SNY as well, or;
2. Sell now with a promise to sell the rest of the team at a later date.

As much as many Mets fans would like to see the Wilpon's sell everything and never come back, I don't see this as a possibility. I don't see the Wilpon's leaving without a fight.

I am no financial expert, however, so I really have no idea how this will play out. Only time will tell.

To read Rovell's full story, click here.

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