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Wilpons Looking To Sell 20-25% Of Mets

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On a conference call that's being broadcast on SNY as we speak, Fred Wilpon has indicated that the Mets will look to sell a 20-25% minority stake in the team. Last April, Forbes valued the Mets at $858 million, which means the Mets are probably looking at an influx of $200 million or so from potential "strategic partners." Earlier I guessed that they'd need on the order of $100 million.

When asked to explain the Mets' current financial situation in the face of the Wilpons' persistent dismissal of claims that a link might exist between their involvement with Bernie Madoff and possible financial insolvency with the Mets, Jeff Wilpon replied, "Things have changed from October to now, with the lawsuit."