Wow!
I’ll be honest. I never thought I’d see the day.
The Mets are a part of me. That’s just what it is. I talk my shit. I whine and complain, but I can never give them up.
I’ve just learned to deal with the dysfunction and the incompetence in hopes that one day it would all be worth it.
By “worth it” I mean a parade. World Series champions. But, you know what? Today felt incredible.
This afternoon, it was announced that Zack Wheeler had signed a five year deal with the Philadelphia Phillies worth 100 million dollars. Overpay? Maybe. But the Phillies are definitely a better team having signed the right hander.
Meanwhile in Queens, the Mets are crying broke.
But then, the clouds parted and the sun began to shine.
What if I told you that the Mets may have the richest owner in baseball in 5 years time? Is that something you may be interested in?
BREAKING: The Sterling Partners and Steve Cohen are negotiating an agreement in which Cohen would increase his investment in the #Mets, per source. Fred Wilpon will remain Control Person and CEO for five years and Jeff Wilpon will remain COO for five-year period as well.
— Ken Rosenthal (@Ken_Rosenthal) December 4, 2019
With #Mets, as statement from team indicated, nothing will change in ownership dynamic for five years. At that point, minority owner Steve Cohen will take control of team from Wilpons, sources say.
— Ken Rosenthal (@Ken_Rosenthal) December 4, 2019
He giveth and he taketh. Yesterday, Ken Rosenthal told us that the Mets essentially have no money to spend this off-season. Today he shared the news that the Wilpon’s reign over our beloved Mets may be coming to an end.
Sure, Fred Wilpon and his son, AJ Soprano Jeff will *retain their current positions for the next half decade, but there is finally a light at the end of the tunnel!
Hedge fund manager Steve Cohen, worth upwards of 12 billion dollars, is in talks to acquire up to 80 percent of the team. In 2012, Cohen purchased a 4% share of the team for 20 million dollars.
Since 2002, when the Wilpons became full owners of the team by buying out Nelson Doubleday for 135 million dollars, the Mets have made the playoffs 3 times. Sure, there have been some amazing memories, but they have come in spite of the Wilpons.
Following this timeline, sooner or later, we’d have to discuss Bernie Madoff. But, today we’re looking towards the future.
That scandal and the dark cloud it put over the team is history. And so are the Wilpons!
We’ll be back to discuss how this news will affect the team in the near future.
Brilliant note … whoever you are DanceHall. Just note that this is a private company. “Control Person” means whatever it says in the deal docs. Control Person can easily be defined by smart lawyers to mean, in essence, in charge of day to day affairs of the enterprise” but “cannot make a roster move or sign a player contract without the written consent of 50.1% Owner.”
Noted! Thank you sir!