Wilpon’s insistence on selling only a non-controlling interest is going to be tested

I’ll turn back to the Chass article which also gets at the kernel of why control is required, or at least attainable:

Why would anyone buy, at a high price, a minority interest and be partners with Fred and his son?” asked a lawyer who has been involved in baseball. [...]

Jeff Wilpon, the Mets’ chief operating officer, would be the first member of the family to run the Mets after Fred is no longer active. But Jeff is also a potential problem for the family. “Most buyers won’t want anything to do with Jeff Wilpon,” the lawyer said. “He’s a light weight and has a bad reputation. I can’t imagine a buyer not wanting an option to buy him out when Fred dies.”

Jeff Wilpon is typical of many sons of wealthy owners. They are in their positions only because their fathers own the teams, having done nothing to earn their jobs and exhibiting a lack of baseball knowledge. There are exceptions, but Jeff Wilpon is not one of them.

Jeff Wilpon, the proverbial “born on third base, thinks he hit a triple” guy, a card-carrying member of the Lucky Sperm Club.

Control of the Mets must, I repeat MUST, be either gained from the outset or attainable over time. Maybe the Mets can try to find some dumb money, but I doubt it.

IIATMS overlord and founder. ESPN contributor. Purveyor of luscious reality.

2 thoughts on “Wilpon’s insistence on selling only a non-controlling interest is going to be tested

  1. HIM

    HIM thinks you may have picked something up at Fordam…

    • That you spelled the name of the school wrong amuses me.

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