Money Talks

Fred Wilpon stressed that his family intends to maintain day-to-day control of Mets

The Mets announced Friday that owners Fred and Jeff Wilpon are actively considering the addition of "one or more" minority investors to the club and have retained Allen & Co. Managing Dir Steve Greenberg, already a Mets board member, as an advisor in the process. The Wilpons said they intend to remain majority owners and day-to-day operators of the club. Fred Wilpon said the club is considering the sale of roughly a 20-25% stake in the club, an asset that would be worth $214.5M based on Forbes' estimated value of $858M for the entire team last year. Team sales typically garner a premium, however, for controlling interest -- something the Wilpons said they did not envision giving up in any transaction. The search for additional funds ...