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Sources: Mets Close To Raising $100M Through Sale Of Minority Shares

The Mets are "close to finalizing the sale of at least five $20 million shares in the team, a move that would help pay off $350 million in club debt," according to sources cited by Martino, Madden & Thompson of the N.Y. DAILY NEWS. The sources said that MLB has "vetted and approved the investors, and the team is expected to close those sales and raise more than $100 million within the month." With the funds, the Mets "would raise enough capital to repay $25 million owed to MLB, a $40 million bridge loan to Bank of America and other club debts and operating expenses that have emerged in the wake" of the Bernie Madoff scandal. Sources also said that the team "likely will look to sell at least five additional minority shares for another $100 million and could expand that total" (N.Y. DAILY NEWS, 1/11). 

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

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