Mets to sell 49% stake
In a very significant move the Mets team ownership has chosen a preferred bidder a group led by former commodities trader Ray Bartoszek and investor Anthony Lanza have been in advanced talks since last week on the proposed deal to sell up to a 49 percent stake in the down and out Mets for $200 million.
The talks have reached the iron out details stage, could be wrapped up and announced by month end. One of the sticking points, is whether the bidders will be allowed to purchase a small piece of SportsNet New York, the profitable regional sports network controlled by Sterling Equities, the investment firm run by Mets owners Fred Wilpon and Saul Katz. Sterling Equities is the current 100 percent of the Mets.