The New York Times has obtained what they believe is the offer sheet being sent to potential investors as the Mets seek multiple $20 million shares in the team, which will account for 4 percent ownership.
According to the report, a share will buy you access to Mr. Met, a parking spot, 3 percent compound annual interest, a luxury box, a formal business card, one free trip with the team during the regular season, one free weekend’s stay at spring training; potential lunch dates with broadcasters and former players, ”and what appears to be an exclusive kind of fantasy camp.”
Last week, the New York Times reported that if a full lineup of minority stake investors was not in place by next spring, “and cash not in hand,” the team’s current principal owners might have to confront the prospect of selling the team entirely, according to two people with knowledge of the team’s finances. Sandy Alderson recently told reporters he expects the sales of shares to be completed in January. The team later issued a public statement saying interest in these shares is high, but that they will not get access to the potential cash until all the shares have been sold.
Here are two opposing reader comments from beneath Sandomir’s report:
To read Sandomir’s entire report, and to see the original, 12-page leaked document, check out his report in the New York Times.
