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Wilpon Newsbeat

Monday, May 12, 2014

NY TIMES: Wilpon’s Partner Has Expressed Interest in Selling His Share of Mets

Saul B. Katz, who owns a majority share of the Mets in a partnership with his brother-in-law and business partner, Fred Wilpon, has expressed a desire to sell his portion of the team because he has grown tired of spending millions to prop it up, according to several people in baseball briefed on the matter.

But Katz has been hesitant to sell because it could result in Wilpon’s no longer maintaining majority control, according to the people familiar with Katz’s situation. This has created a situation in which Katz has been locked into subsidizing part of the team’s losses in an effort to protect Wilpon, who considers the team a family heirloom and wants his son Jeff to control it for years to come.

bobm Posted: May 12, 2014 at 05:32 PM | 3 comment(s)
  Beats: mets, wilpon

 

 

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