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Mets Owners Seeking Addition Of One Or More Minority Investors
Published January 28, 2011
The Wilpons, and by extension the Mets, have long been rumored to have been hamstrung financially by their unwitting involvement in the Bernie Madoff financial scandal, rumors Fred Wilpon last fall insisted were dramatically overstated. And club officials over the past two years have vigorously denied repeated claims and questions that they would be forced to sell equity in the team.
But the Mets have barely been part of a vigorous offseason MLB free agent market that has surpassed $1B thus far in future salary commitments, and have seen attendance at Citi Field decline sharply in the wake of a four-year slide that has included two sub.-500 finishes and two September on-field collapses.
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