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May
12

Fred Wilpon believes he’ll retain control of the Mets

By juan

The Mets have been having financial problems lately and are trying to sell a portion of the team. According to Dan Martin of the New York Post, Fred Wilpon remains confident that his family will retain controlling interest of the Mets.

Wilpon still hopes they can sell a portion of the team in the next couple of months buddy Bud Selig feels the same way. The commissioner expressed confidence last month that the sale would be completed shortly.

It was believed that the portion of the team would cost around $200 million, and it could represent around 40% of the team. The team is currently under the spotlight thanks to the Bernie Madoff Ponzi scheme with victims of the Madoff incident looking at the Wilpons for money as they benefited from the Ponzi scheme.

“I think they’re moving forward to a very satisfactory conclusion,” Selig said. “The Mets are doing, when you have a problem, what you have to do. That’s selling a part of their team and putting equity in it.”

Selig said no potential candidates have been brought to him.

Image by ElCapitanBSC under the Creative Commons License.

Categories : team