NFT: Mets bids in - Cohen, Arod and Blitzer among them

In comment 14931297 Italianju said:

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but isnt the premier league in a bubble?

Pretty sure they are traveling and playing in home stadiums with no fans.

a fucking tool
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No one can outbid him. The celeb consortium bid will be maxed out and he'll go as much higher as he needs to to force saul katz hand on a veto of anyone else.

This is also the best scenario for Mets fans as it removes jeffs incompetent gene pool cocktail from the future of the team.

that was a dumb question. Ive watched enough to know they are in different stadiums, guess my brain has already moved on to the weekend.

In comment 14931315 Torrag said:

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No one can outbid him. The celeb consortium bid will be maxed out and he'll go as much higher as he needs to to force saul katz hand on a veto of anyone else. This is also the best scenario for Mets fans as it removes jeffs incompetent gene pool cocktail from the future of the team.

You’re ignoring one thing JROD can offer that Cohen will not... allowing the Wilpons to maintain a % of the team.

has it been reported that he wants 100%? His previous agreement was for 80%.

That's not correct. The Wilpons control that. They are offering an 80% stake and will remain part of the Mets for as long as they want too. No one can force them to fully divest from the franchise and as far as I've read no one is asking them to.

As long as Cohen is willing to go the extra say $50M-100M more for the club so it's a substantial amount he'll own it.

In comment 14931320 Eric on Li said:

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has it been reported that he wants 100%? His previous agreement was for 80%.

That's not the point I'm making. I'm saying JROD can offer the Wilpons more involvement going forward. Potential earnings withih development of Willets Point may trump a higher purchase price in the eyes of meddling Jeff.

In comment 14931328 Torrag said:

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That's not correct. The Wilpons control that. They are offering an 80% stake and will remain part of the Mets for as long as they want too. No one can force them to fully divest from the franchise and as far as I've read no one is asking them to. As long as Cohen is willing to go the extra say $50M-100M more for the club so it's a substantial amount he'll own it.

Profits regarding future development around the ballpark are not part of owning the team. It's already been debunked that Cohen offered 2 billion for SNY. The Wilpons will want to maintain as much future profit as possible. That much is clear.

it's about $$ then there would be no debate to be had. Cohen has much, much more money and yet there are multiple reports the Wilpons are both intrigued by the JROD plan and may be willing to sell for slightly less. Why? Because they clearly have eyes regarding future profits that Cohen apparently won't be offering.

you believe Gasparino (and I don't, he comes off as a fraud), Cohen already offered 300 million more than JROD. That would mean "done deal" if it's apples to apples no? So clearly the Wilpons are looking for more than simply "the highest bid". JROD isn't coming up with more upfront money than Cohen can offer.

not saying it won't impact the Wilpon's decision - it is perfectly within their character to do so. But the real offers on the table are likely to come in with Cohen offering at a higher valuation and the J-Rod offer being more contingent on intangibles - preference away from dealing with Cohen, more starpower, etc.

Also Saul/Fred are making this decision, not Jeff. MLB (and the rest of the owners) are going to have an impact too.

If it's close it could go either way but Cohen will get the team if he wants it and I still don't see any reason to think he doesn't want it anymore.

In comment 14931337 DanMetroMan said:

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you believe Gasparino (and I don't, he comes off as a fraud), Cohen already offered 300 million more than JROD. That would mean "done deal" if it's apples to apples no? So clearly the Wilpons are looking for more than simply "the highest bid". JROD isn't coming up with more upfront money than Cohen can offer.

We very well could hear within a few weeks that it's a done deal for Cohen. They only got the offers this week and I believe they were non-binding and expected to involve a period of discussion between parties before the next round.

Nothings been debunked. Reports are contradictory and unclear as the 'journalists' all scurry to get their clicks. As they should be this is all unfolding in real time.

Is some pie in the sky nebulous idea about long term real estate development going to sway Katz and Wilpon to leave say $100 million bucks on the table if push came to shove?

I'd say that's doubtful even with 'lil jeffie throwing a tantrum at the board meeting. Is it possible Fred is slimy enough that the celebrity angle could effect his vote? Maybe but in today's fragile economic situation I'd wager on the bird in the hand at heavy odds.

In comment 14931343 Torrag said:

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Nothings been debunked. Reports are contradictory and unclear as the 'journalists' all scurry to get their clicks. As they should be this is all unfolding in real time. Is some pie in the sky nebulous idea about long term real estate development going to sway Katz and Wilpon to leave say $100 million bucks on the table if push came to shove? I'd say that's doubtful even with 'lil jeffie throwing a tantrum at the board meeting. Is it possible Fred is slimy enough that the celebrity angle could effect his vote? Maybe but in today's fragile economic situation I'd wager on the bird in the hand at heavy odds.

No. Gasparino both reported the 2 billion for SNY and later clarified it was not offered but Cohen’s valuation of SNY.

Reporter last night said it was offered. Now he’s saying otherwise

Mets
bidding derby (thread) 1-Steve Cohen's interest in the team is well defined, but there is no auction just yet on
@SNYtv

. When there is, his eyeball $2 billion valuation should drop dramatically. Network makes money, but has tons of debt, which will
Charles Gasparino
@CGasparino

So he walked back his own story. It wasn’t different reporters with different information
·

Who are saying Cohen's evaluation is a surprisingly lower type offer than they expected. I read $4b and I think wow, but apparently it's not as easy as that and not exactly as it appears. The consensus I have seen seems to think it's just an initial entry and he will be willing to go higher in a 2nd round, but not as much higher as you may think.

If all that's true and the offers are close based on some of the other reporting I'd have to think the A-Rod group does have a decent chance.

I don’t mean the group. I’m asking about his own money and JLos. I’m guessing that most of the money is coming from wealth management types like JPMorgan Chase or other banks or other financial types. If that’s true, we’re not dealing with dummies and why would those types want to hitch their wagons to businessmen like the Wilpons who clearly are under distress now and probably not the best business people and certainly not a great baseball organization? Aside from the meh performance on the field for much of an extended period, I don’t think the organization has been a particularly profitable business and as long as they are involved, they don’t have prayer of making the kind of money the Yankees make and it was not that long ago, the Mets were the # 1 team in NY. Why would a company like Chase want their involvement unless the group can’t come up with the higher bid?

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Mets CEO Fred Wilpon and brother-in-law Saul Katz are interested in the highest bidder. The Wilpon/Katz family do not need Cohen to offer $250 million more than his nearest rival to buy the Mets, as false reports have suggested. COO Jeff Wilpon does not have a preference to sell exclusively to Rodriguez and Lopez, according to multiple sources. In the end, the highest bidder is expected to secure the deal. Cohen, a lifelong Mets fan from Long Island, has an estimated net worth of $13.6 billion, per Forbes, and is the favorite to own the club. He has close ties to Mets special assistant to the GM, Omar Minaya, and former manager Bobby Valentine, and can outbid other groups that have made it into the second round of bidding.

Fred Wilpon wants to sell to the highest bidder, reports about Jeff’s JRod preferences are false, per NYDN - ( New Window )

In comment 14931389 Samiam said:

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I don’t mean the group. I’m asking about his own money and JLos. I’m guessing that most of the money is coming from wealth management types like JPMorgan Chase or other banks or other financial types. If that’s true, we’re not dealing with dummies and why would those types want to hitch their wagons to businessmen like the Wilpons who clearly are under distress now and probably not the best business people and certainly not a great baseball organization? Aside from the meh performance on the field for much of an extended period, I don’t think the organization has been a particularly profitable business and as long as they are involved, they don’t have prayer of making the kind of money the Yankees make and it was not that long ago, the Mets were the # 1 team in NY. Why would a company like Chase want their involvement unless the group can’t come up with the higher bid?

It’s unknown at this time but I was told they would be minority owners but significantly more than Jeter each.

Jon Heyman
@JonHeyman
·
53m
Steve Cohen bid about $2B for the Mets (that’s team valuation, he wouldn’t have to pay that; he already owns close to 10% and there r other limited partners). Harris-Blitzer and A-Rod/J-Lo/Repole/Viola and others r also in. But Cohen has most $ and word is he’s determined (cont.)

Jon Heyman
@JonHeyman
·
2m
Thoughts on Mets: 1. Steve Cohen is believed to be seeking SNY too 2. Harris-Blitzer are a formidable duo (and also thought interested in SNY) but word is they will have $ limit 3. Hard to see how A-Rod group can compete financially 4. Cohen would do what he needs to do to win.

White Sox RHP Michael Kopech has opted out of the season

That wording sure sounds like it was fed by A Rod himself directly lol. Always a dick swinging contest with Jeter...

...than his nearest rival to buy the Mets, as false reports have suggested. They want to sell to the highest bidder. So much for JRod and developing WP being a factor.

Heyman: Cohen has most $ and word is he’s determined. Cohen would do what he needs to do to win.

Good indicators that long suffering Mets fans may finally get the break in ownership we need and deserve. I'll still be sweating this out until the slimeball wilponsies and their cronies have signed on the dotted line giving anyone control of the team but them.

Believe what you want, or consider it damage control, your choice. Must be a pure coincidence the family fuck upleaks one thing, followed by damage control “leaking”. Must be a pure coincidence... bottom line is money talks, loudly. And there are profitable pieces to this puzzle, plus.

Cohen is worth more than all the other bidders combined, which means if he really wants the Mets he'll get them. Questions are - does he want them bad enough? and will the other MLB owners approve him which I think is 75%?

I'm a Mets fan which means that I am conditioned to believe the worst case scenario will play out. That to me would mean a J-Lo/A-Rod flashy ownership with tons of headlines and a shitty team.

to someone who is close with a current player and they said Cespedes is hitting absolute BOMBS.

In comment 14931793 DanMetroMan said:

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to someone who is close with a current player and they said Cespedes is hitting absolute BOMBS.

With him at DH this lineup could absolutely wreck people.

Nimmo
McNeil
Alonso
Conforto
Cespedes
Cano
JDD / Smith (LF)
Ramos
Rosario

Feels semi-criminal to put Rosario down at 9. If he shows any progression at all from last year though he's probably more deserving at the top of the lineup than Nimmo so perhaps you hit McNeil 1, Rosario 2, Conforto 3, and Alonso 4 with Nimmo at 9. That would make it easier to swap in Marisnick when Nimmo gets hurt.

In comment 14931793 DanMetroMan said:

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to someone who is close with a current player and they said Cespedes is hitting absolute BOMBS.

Think we end up with two QOs after this year? One for Stroman and one for Cespedes?

In comment 14931805 Metnut said:

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In comment 14931793 DanMetroMan said: Quote: to someone who is close with a current player and they said Cespedes is hitting absolute BOMBS. Think we end up with two QOs after this year? One for Stroman and one for Cespedes?

Stroman I'd guess yes (though I hope they keep him if he pitches well) but Ces will be 35 and mostly a DH so I doubt it. Anything is possible.

In comment 14931805 Metnut said:

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In comment 14931793 DanMetroMan said: Quote: to someone who is close with a current player and they said Cespedes is hitting absolute BOMBS. Think we end up with two QOs after this year? One for Stroman and one for Cespedes?

I think they negotiated QO out but it may have just been the compensation attached, no way Cespedes gets one either way unless he has an insane season. Stroman almost definitely but it all depends on ownership/budget.

new owners need to lock up the core young players. Conforto, Alonso etc. Immediately show the fans this is a new era.

In comment 14931809 DanMetroMan said:

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new owners need to lock up the core young players. Conforto, Alonso etc. Immediately show the fans this is a new era.

Agreed. Lock down Thor, McNeil, Alonso, Conforto. Extend Stroman on a reasonable deal. McNeil and Alonso are old enough that you probably don't even need to buy out more than 1 or 2 years of FA. Those guys plus JDG are a legitimate core and they all play the game the right way.

both think Stroman is overrated and yet someone they should keep. Solid, local, good personality/clubhouse guy. Should be part of the core going forward. 4 year deal seems good to me.

In comment 14931809 DanMetroMan said:

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new owners need to lock up the core young players. Conforto, Alonso etc. Immediately show the fans this is a new era.

Agreed. Comfortable, zo, McNeil, Thor, Rosario (been high on him forever and 2nd half last year) and Stroman.

Be amazing to not worry about young players leaving the Mets due to money issues. Locking up our core would be huge for the fans and sends notice to other players and remakes the Mets as a FA destination.

In comment 14931809 DanMetroMan said:

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new owners need to lock up the core young players. Conforto, Alonso etc. Immediately show the fans this is a new era.

It makes too much sense to not do this.

I can see this happening it the new owner is Cohen. Anyone else might be too cash-strapped to operate that way. And the Wilpons will do whatever they can to give one last FU to the fans...and not select Cohen.

I can’t imagine other franchise sales processes is this soap opera-y, right?

the weirdo Mets fans started believing had inside info (Laura Goldman)... who I called a fraud.. has been outed as a fraud.

A group featuring 30-year-old private investment chairman and CEO, C.K. McWhorter, is expected to hear from Major League Baseball if they have been approved to pursue majority ownership of the New York Mets by Wednesday with an estimated $1.8 billion bid, a source with close knowledge of the situation told amNewYork Metro on Monday.
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vaughn mcclure
@vxmcclure23
Brian Urlacher, Travis Kelce, DeMarco Murray, Joe Thomas, Bradley Beal part of star-studded group joining A-Rod, J-Lo bid to purchase Mets

Is a disaster waiting to happen. If it takes this many people just to put together a competitive bid, how and who will deal with the debt? How and who will figure out what the payroll is, while also dealing with the debt?

It doesn't seem to me they have the resources to be able to stay afloat once they actually own the team. They might be able to put together a bunch of people to purchase it....but then what?

I want it to be Cohen, predicted it will be Harris/Blitzer because they have the money and are a "clean" bid without any red flags.

In comment 14932577 moespree said:

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Is a disaster waiting to happen. If it takes this many people just to put together a competitive bid, how and who will deal with the debt? How and who will figure out what the payroll is, while also dealing with the debt? It doesn't seem to me they have the resources to be able to stay afloat once they actually own the team. They might be able to put together a bunch of people to purchase it....but then what?

How many owners do you think the Dodgers have?

Ownership groups are not uncommon and will likely have a majority owners. I doubt that it's something most fans should be concerned with.

I'd prefer one owner with massive pockets (like Cohen or Cuban or Musk - as examples), but I view a star-studded ownership group headed by Arod as a better option than the Wilpons and I have no idea what that would look like.

Goldman character pled guilty to extortion in 2009 (faced 20 years in jail), and now claimed she was close with Ghislaine Maxwell... who has never met the woman. I'm honored to have been blocked by her lol.

Harris/Blitzer have the coin but they don't seem like they care as much about winning as they do turning a profit (reportedly view the Mets tv rights as the gem in this deal), the Reuben brothers have the most money but I don't believe they even bid.

there IS a difference with the Dodgers as their majority owner is worth 3.1 billion by himself. The A-Rod group seems more complicated as he and JLO are pushing to be principals despite nowhere near the most money in the pot. Obviously I would prefer JROD vs. the Wilpons but Walton/Magic Johnson alone are worth nearly 4 billion dollars.

In comment 14932615 DanMetroMan said:

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there IS a difference with the Dodgers as their majority owner is worth 3.1 billion by himself. The A-Rod group seems more complicated as he and JLO are pushing to be principals despite nowhere near the most money in the pot. Obviously I would prefer JROD vs. the Wilpons but Walton/Magic Johnson alone are worth nearly 4 billion dollars.

agree. I thought moespree's concerns were more about personalities clashing. Billie Jean King is a Dodgers owner (nothing against her personally just saying wealthy celebrities buying into a team doesn't scare me).

The Marlins had 16 investors. Jeter "only" paid $25M.

Bruce Sherman, the principal owner (I believe) "only" has a documented net worth of 500M (in 2018), and he's the lead investor. Arod/Jlo have a higher net worth (combined - today) - of course the Mets are more expensive but same concept IMO.

If the future majority owner/s has the deep pockets(as in multi billions) it's irrelevant if they want to bring on numerous minority partners and some celeb power to bolster their bid. It's window dressing.

As far as a 'clean' bid is concerned that's also irrelevant. As long as MLB has signed off on the bidders the Wilponsies are slime and could care less if there are some grey areas in the past.

I doubt Harris/Blitzer have any kind of inside track as they are all about the bottomline and fiscal responsibility. Multiple sources have suggested they have a monetary ceiling to their interest.

Cohen is the favorite. He's easily the wealthiest interested party, already a minority owner and he wants the team because he has a passion for it. So he'll go a little extra when push comes to shove to get it.

owners not wanting Cohen in there because he is "too rich" scare me; however they are also in direct contrast to the rumors that the owners wont sign off on a valuation of the mets below 2 billion. Sounds like they are trying to thread the needle while ensuring that the mets are stuck with crappy owners. Apparently they previously pulled this with Cuban back in the day.

Everything is being planted by his side and Wilpons. Notice how the Cohen story QUICKLY changed when the family mistake planted the “Cohen will have to overbid by $250mm”. The adults took charge and talked up the A Rod bid and downplayed Cohens bid. This crap is more of the game