Master Index of Archived Threads


Who Buys the Mets?

A-Rod

0 votes

Steve Cohen, for less than $2.6 Billion

7 votes

Steve Cohen, fore more than $2.6 Billion

5 votes

A new buyer we haven't heard from yet (bonus points if you name him/her)

4 votes

No one. The Wilpons will never sell. Kill us now.

6 votes

Centerfield Feb 14 2020 12:46 PM

Lay your bets down now!!!!

Benjamin Grimm Feb 14 2020 12:51 PM Re: Who Buys the Mets?

I voted Cohen for less.

Frayed Knot Feb 14 2020 01:03 PM Re: Who Buys the Mets?

Benjamin Grimm wrote: I voted Cohen for less. I'll go with Paul Lynde to block.

kcmets Feb 14 2020 01:04 PM Re: Who Buys the Mets?

I took 'til death do us part (aka kill us now)...

seawolf17 Feb 14 2020 01:08 PM Re: Who Buys the Mets?

I think it's still Cohen too, for less.

Centerfield Feb 14 2020 01:17 PM Re: Who Buys the Mets?

=seawolf17 post_id=31733 time=1581710899 user_id=91] I think it's still Cohen too, for less.

This can't happen. Because I would never stop laughing. I mean, I might go out and buy a Cohen jersey.

Johnny Lunchbucket Feb 14 2020 01:43 PM Re: Who Buys the Mets?

I'm going with an Arod-Cohen Consortium

MFS62 Feb 14 2020 07:20 PM Re: Who Buys the Mets?

Johnny Lunchbucket wrote: I'm going with an Arod-Cohen Consortium Yep. I voted Cohen for more, with A-Rod as a major partner. Later

Edgy MD Feb 14 2020 08:37 PM Re: Who Buys the Mets?

Dean Kamen.

Lefty Specialist Feb 16 2020 09:54 AM Re: Who Buys the Mets?

Mark Cuban, for less.

41Forever Feb 16 2020 10:53 AM Re: Who Buys the Mets?

Edgy MD wrote: Dean Kamen. This would be cool! I actually had the opportunity to meet Mr. Kamen and work with him through FIRST Robotics in my prior job. I didn't realize he was a Long Islander. Pitchers could ride in from the bullpen on Segways!

HahnSolo Feb 16 2020 03:29 PM Re: Who Buys the Mets?

Cohen for more. He'll get a larger % of the team, and the Wilpons won't stick around.

Edgy MD Feb 16 2020 03:58 PM Re: Who Buys the Mets?

I'm all for a Dean Kamen takeover, but nothing about Segways are cool.

Frayed Knot Feb 19 2020 06:33 PM Re: Who Buys the Mets?

A few highlights from the Cohen not going away file: - The Wilpons own 65 percent of the cable network in partnership with Spectrum and Comcast. Banking sources tell The Post the network is valued between $850 million-$1 billion, with gross earnings near $150 million annually. Considering the Mets are thought to lose $50 million in an average year, the network would be hugely useful in any sale of the organization. - “Cohen wants SNY, and he wants it at fair value,” one banker familiar with the deal said. “The team loses $50 million a year in a good year, so he wants SNY's revenue, and he might pay a small premium to never have to deal with Fred and Jeff ever again.” - “They [the Wilpons] clearly don't want to sell to Steve Cohen,” one former Mets employee said. “But who is going to come close to paying what he will?” ... sources say [any new Cohen] offer might not be much higher than the $2.6 billion he offered without SNY and with the five-year window in place. Those sources also tell The Post that Cohen is increasingly certain no bid will come close, even with SNY in the mix. - the specter of Cohen is said to be keeping other billionaires on the sidelines ... “He's definitely still out there,” one person following both the process and Cohen said. “But if no one else is [ready to show interest] because they're afraid he's going to blow out their offer, this thing might last forever.”

batmagadanleadoff Feb 19 2020 06:48 PM Re: Who Buys the Mets? Edited 1 time(s), most recently on Feb 19 2020 07:50 PM

I read that piece about an hour ago. If Cohen's willing to offer more or less the same $2.6B he offered a few months ago, but this time around, with SNY included, and this time around, taking control of the Mets immediately, as soon as the money changes hands - take a hike, eff 'n Jeff as soon as you take Cohen's money - AND on top of that, Cohen doesn't expect anybody else to come close to this latest offer -------- then boy oh boy, did Cohen offer to over-pay a few months ago, Cohen's now realizing.

Edgy MD Feb 19 2020 07:39 PM Re: Who Buys the Mets?

Presumably, with the same principals owning the Mets and SNY, the network gets something like a sweet deal on the rights to broadcast Mets games. I imagine any new owners of the Mets, if they cannot acquire the network at the same time, would insist on something like a market-level rate for those rights. And are those rights to signed over to SNY in perpetuity? Because if they aren't, the new team owner would have the network owners over a barrel. The channel isn't worth much without its flagship programming. So I see whereas both sides would be in a precarious situation. Oddly enough, it had previously been that having been handcuffed into a cable deal that was declining in value hastened the organization's decline in the 1990s.

Centerfield Feb 20 2020 08:12 AM Re: Who Buys the Mets?

Edgy MD wrote: Presumably, with the same principals owning the Mets and SNY, the network gets something like a sweet deal on the rights to broadcast Mets games. I imagine any new owners of the Mets, if they cannot acquire the network at the same time, would insist on something like a market-level rate for those rights. And are those rights signed over to SNY in perpetuity? Because if they aren't, the new team owner would have the network owners over a barrel. The channel isn't worth much without its flagship programming. So I see whereas both sides would be in a precarious situation. Oddly enough, it had previously been that having been handcuffed into a cable deal that was declining in value hastened the organization's decline in the 1990s. Funny right? Sterling Doubleday Enterprises often cited that TV deal as the reason they couldn't spend like the Yankees, and once SNY launched, the Wilpons claimed that their revenues would put them on even footing with the team across town. To their credit, they did have one of the top payrolls in baseball for a while until Madoff. If the original deal went forward, they would have been on the beneficial side of a long-term, undermarket TV deal.

Vic Sage Feb 20 2020 08:50 AM Re: Who Buys the Mets?

Cohen doesn't necessarily need to own SNY, he just needs the Mets broadcasting rights. So if the current Mets/SNY deal is terminable, he absolutely can get the revenues back from a new deal (either with SNY or perhaps YES?, or even another regional network) that he would otherwise get from owning SNY. So if the deal is terminable and SNY has to either pay market rate (plus perhaps even a premium from losing the broadcast rights to a competitor like YES), then SNY won't be particularly valuable to Fred&Jeffie anymore, so they might as well toss it into the deal and go back to real estate. It all comes down to the nature of the current Mets/SNY deal.

vtmet7 Feb 21 2020 11:06 AM Re: Who Buys the Mets?

I voted Wilpons will never sell...mostly because I would like to be proven wrong