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Volume 26 No. 5
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Sources: Comcast, Charter Having Difficulties Selling Mets Stakes

Comcast and Charter's combined stake in the Mets is currently worth about $250M

Comcast and Charter have been "trying since mid-summer" to sell their combined 12% stake in the Mets, but the "response has not been overwhelming," according to sources cited by Josh Kosman of the N.Y. POST. Sources said that Comcast and Charter, working through investment bank Inner Circle Sports, "hope to sign a deal before MLB's Winter Meetings, which begin Dec. 9." Their combined stake is worth about $250M. Sources said that the sale is "turning into a litmus test on the management capabilities" of Mets COO Jeff Wilpon. A source also said that the selling minority owners are "willing to consider a discount" on the Mets' $2.1B valuation and "should be happy" if they get a valuation of over $1.7B (N.Y. POST, 10/1).

GETTING THE BALL ROLLING: In N.Y., James Wagner writes the Mets "face a winter of uncertainty" with a vacant GM position after Sandy Alderson's departure. Wilpon said that the search for a new GM "would begin in earnest" this week, when the Mets will "begin asking for permission to interview other teams' executives." The Mets "certainly want to have one by at least the annual winter meeting" (N.Y. TIMES, 10/1). Wilpon said that he and Mets Senior VP/Baseball Operations & Assistant GM John Ricco will "conduct the first round of interviews" for the GM position. In N.Y., Mike Puma notes Wilpon "ruled out the possibility" that Ricco or Mets Special Assistants Omar Minaya and J.P. Ricciardi would be "promoted to full-time GM." But Wilpon said that the triumvirate "still could lead the organization into the offseason, if a new hire isn't in place" when the MLB GM meetings begin Nov. 5 (N.Y. POST, 10/1).

HOT COMMODITY: In Boston, Nick Cafardo noted Blue Jays VP/Baseball Operations Ben Cherington has "become a legitimate candidate to run the Mets or Giants." Cherington is "ideal" for the Giants because he "combines modern analytics with scouting." It would appear the Giants job is "more in line with what Cherington wants, but geography may also play a role, as Cherington has a home in New York" (BOSTON GLOBE, 9/30).