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SBD/February 21, 2011/Franchises
Mets Owners Over The Years Offered Select People Chance To Invest With Madoff
Published February 21, 2011
HIGH DEMAND: Allen & Co. Managing Dir Steve Greenberg, who was "hired by the Mets owners to assist in the sale of a minority stake in the team," said that he is "surprised by the high level of interest in the club." Greenberg said that he "has been contacted by dozens of potential suitors, including 'a couple of dozen very serious groups' that have expressed interest in buying 20%-to-25% of the Mets." He noted that he "could not identify potential candidates." Greenberg said that it is "difficult to predict how long it will take to find a suitable partner for Wilpon." He "described the process for finding partners for the Wilpons this way: he fields the initial calls from prospective investors, determines if they are serious candidates and then directs them to Major League Baseball to be vetted by MLB officials." MLB officials "make sure the candidates have the financial resources to purchase the interest in the team and conduct background checks" (N.Y. DAILY NEWS, 2/19).