Sunday, January 30, 2011

Tremendous Interest in Buying the Mets

It should come as no surprise that there's quite a bit of interest in buying the share of the Mets that the Wilpons are looking to sell.

The Wilpons, who are the Mets owners, have themselves some huge financial trouble because of some guy named Bernie Madoff (the trustee looking to make those scammed whole are now looking to recoup money from the Wilpons), so they've finally realized that they have to sell a portion of the team to raise funds to deal with possible lawsuits. They're looking to sell 20-25%.

One of the people expressing an interest? Martin Luther King, III - MLK Jr's son. King is part of a group including former Met greats like Ed Kranepool and Donn Clendenon's son.
The New York Post reported Sunday that Martin Luther King III is part of a bid that includes former Mets first baseman Ed Kranepool, Donn Clendenon Jr. and television executive Larry Meli. Clendenon's father was MVP of the Mets' 1969 World Series victory.

Meli said that King, who runs the King Center in Atlanta, is coming to New York this week to meet with Mets owner Fred Wilpon and his son, CEO Jeff Wilpon.

The Wilpons said Friday that they were looking to sell a 20 percent to 25 percent interest in the team. The announcement came after they were named in a lawsuit from the trustee trying to reclaim money for the victims of the Bernard Madoff swindle.

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