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

ART CLASS WITH HERM! Episode 2! Draw the Mets Home Run Apple!
ART CLASS WITH HERM! Episode 2! Draw the Mets Home Run Apple!

by The 7 Line March 25, 2020 0 Comments

Grab your art supplies and draw with us! Andrew "Herm" Hermida goes step by step to teach you how to draw the Mets Home Run Apple, and some of his favorite ballpark snacks!

Read More

Art Class With Herm!
Art Class With Herm!

by The 7 Line March 23, 2020 0 Comments

Grab your art supplies and draw with us! Andrew "Herm" Hermida goes step by step to teach you how to draw Mr. and Mrs. Met!

Read More

MARCH METNESS: Steve vs Tim
MARCH METNESS: Steve vs Tim

by The 7 Line March 19, 2020 0 Comments

Self distancing? Quarantining? Missing baseball? We went live with a head to head Mets trivia competition between two die hards! Steve from BKLYN takes on Tim in NC. LET'S GO!

Read More

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