From the NY Post:
Mets owners on Friday said they’re considering selling 20-25 percent of the team to "strategic partners" because of the financial uncertainty created by the lawsuit filed against them by the trustee in the Bernie Madoff bankruptcy case.
Fred Wilpon said the decision to offer part of the team was not made under pressure from Major League Baseball.
"At the outset I want to emphasize what we are discussing today has not and will not affect the Mets day-to-day operations and control," the Mets CEO said.
"Let me stress, at the end of the day, we may or may not do anything."
Jeff Wilpon, the team's COO, said the offer does not include interest in SNY or Citi Field.
The team said in a statement they have hired investment bank Allen & Co. to explore alternatives, including adding “one or more strategic partners.”
Adviser Steve Greenberg said he expects "robust interest" in the part of the team available, which could be worth over $200 million.
The Wilpons are allegedly "distraught" over the popular belief that they profited along with Madoff. But not everyone's buying that.
A local liquor mogul and a group including Martin Luther King III are reportedly potential buyers.
Oh, and the All Star Game is coming to Citifield in 2013.