Let’s just say, for the hell of it, that I’m a multi-billionaire with nothing to do with my money. Just out of the blue, I happen to pick up a newspaper and see that the Mets are selling 25% of the team. I always wanted a piece of a major league franchise so after doing so basic math, I’m looking at a withdrawal of about 2-3 hundred million from my local ATM if I want in.
A drop in the bucket.
The following is a fictitious conversation between Fred Wilpon and my Billionaire self.
Fred Wilpon: So your interested in a partial share of my club.
Gonzo: Yes I am, after buying 3 islands, I’ve decided to invest my money and be a part of my favorite team. How much do you want and who do I write the check out to?
Fred: Great! We’re very excited. Now if you please, write out a check for 250 million dollars and I’ll have my secretary write you a receipt. Oh by the way you don’t have to put my real name on the check, just use my middle name…Cash.
Gonzo: Wow, I never thought it was that easy, do you have a pen, I left my in my 3 bladed helicopter.
Fred: Sure, here, use my Philly pen. I picked up for free from last years visit to Philadelphia.
Gonzo: Hey wait a second ( As I’m about to sign the check) Exactly what I am getting for this?
Fred: What ever do you mean? You will be a part owner of the Amazing Mets.
Gonzo: I know but do I get anything for it? I want to do more than root for them, I’m about to hand over a lot of money. Bottom line: what do I get to do?
Fred: I understand! First you will have a box seat in the front row for every game, just give me a few minutes to take the nameplate off it, but if your first name is Bernie, I could leave it on.
Gonzo: Great! But how about some other things like……control?
Fred: I don’t understand.
Gonzo: Do I get a say in who we can sign for a free agent? How about trades? Maybe a a little input about the concession stands?
Fred: All good ideas but no…no….and no.
Gonzo: Do a get a say in ticket prices?
Fred: Absolutely not.
Gonzo: Will I get my own SNY show?…I already have a name for it. Gonzo gone wild: A Romp through the Major Leagues in my Buick.
Fred: No, sorry, Beer Money is our number 1 show and we are thinking about expanding it to Beer Money on Ice.
Gonzo: Geez, y’know I really want to spend my money but what do I get besides a box seats?
Fred: A jersey with your name on it, a great parking space, free access to the whole field, unlimited Shake Shack meals and for the kicker……..your own office overlooking 5 exclusive body shops at Willets Point. Not to mention the fact that the Mets might be the greatest tax write off in American history.
I never was good at money decisions but the point I’m looking to make here is this: Why would someone invest in the Mets with no control over anything whatsoever? I love the Mets and I sincerely hope the Wilpons can get out under this mess but honestly, if I’m a potential buyer, what do the Mets have to offer me? A share in the profits? My name on a seat?
According to Jeff Wilpon, there are people that are interested. I’m just curious to know who and what kind of deal they are willing to settle for.