The Wilpons Are Selling The Mets

The Wilpons Are Selling The Mets

by Tim Reilly December 04, 2019 0 Comments

While free agents are signing left and right elsewhere, the offseason Hot Stove officially heated up in Queens with bombshell news that the Wilpons are selling off their majority stake in the team.  

But wait, there’s more!

According to a report from Bloomberg, the Wilpons are in talks to sell 80% of the team to billionaire Steve Cohen, who is already an investor in the club. It was added that Fred Wilpon is interested in selling controlling interest of the team as part of an estate and philanthropic planning.

Joel Sherman would add that there was bound to be a succession issue when Fred and Saul Katz were ready to step down, thus further explaining the extended sale process to hold onto the Mets for a few years longer.

While it's still way too early to understand what all this means and how it will exactly pan out, it seems like a big change is on the way.

The takeaway? Christmas just came early for fans who have been eager for a change in ownership. Even if they have to wait 5 more years. 

P.S. Does this news make Tiki Barber the new go-to Mets insider? He said this was coming on the radio Tuesday and no one took him seriously. 




Tim Reilly
Tim Reilly

Author

T7L contributing blogger - Follow Tim on Twitter




Also in The 7 Line Blog

Treat Matt Harvey With The Rest He Deserves In His Citi Field Return
Treat Matt Harvey With The Rest He Deserves In His Citi Field Return

by Tim Reilly May 12, 2021 0 Comments

Don't even think about booing Matt Harvey during his Citi Field return. 

Read More

The Seaver Statue Unveil Has Been Pushed to 2022
The Seaver Statue Unveil Has Been Pushed to 2022

by Tim Reilly May 12, 2021 0 Comments

The Tom Seaver statue unveil has been delayed until 2022. 

Read More

Alonso's Arctic Grill Comes To Citi Field
Alonso's Arctic Grill Comes To Citi Field

by Darren Meenan May 05, 2021 0 Comments

Pete Alonso is now the proud father of his own ballpark burger. The Alonso Arctic Grill will open this Friday night, May 7th, and is located behind section 102 in right field, just steps from the Shea Bridge.

Read More

.video-container { position: relative; padding-bottom: 56.25%; padding-top: 30px; height: 0; overflow: hidden; }