As you may have heard, the New York Mets are going through a bit of a rough patch, on account of being screwed financially on their investment with Madoff Securities. They need money and they plan to get it by selling a minority stake in the team. Last month, Steve Cohen put in a bid and while other financiers might buy pro sports teams to fulfill some sort of childhood dream, SC is doing so because he believes the ball club is on the brink of greatness.

Commissioner Bud Selig does not believe the Mets are as in bad shape as the Los Angeles Dodgers, and apparently the investment groups interested in purchasing a minority share agree with him. The Mets are currently struggling on the field and at the box office, but owner Fred Wilpon’s potential partners believe the club will be able to turn things around quickly, according to financial industry sources. The investment groups believe general manager Sandy Alderson will build a competitive team within two or three years; an improved club means increased attendance, television ratings and revenue. “It’s a New York sports franchise, so if you put a decent product on the field, you will see things improve,” one source said.

And the 2-3 year projection doesn’t even take into account Steve’s rumored suggestions for improvement. If those are implemented, sources say this thing could get turned around in 2-3 months. Reps for the hedge fund will be messengering a series of training tapes to Queens, shot by SC during his own stint playing ball with the Fairfield County winter league. Start with “Bring the Power” and work your way through. As a newly winning organization must be great from top to bottom, SAC employees are advised to start perfecting their peanut vending yell now, because you will be taking over these positions.

Investors interested in buying minority share in the Mets think club can turn things around quickly [NYDN]

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Comments (18)

  1. Posted by Anonymous | May 4, 2011 at 4:27 PM

    Next: Nails is head coach.

  2. Posted by Anonymous | May 4, 2011 at 4:27 PM

    Next: Nails is head coach.

  3. Posted by Heywood | May 4, 2011 at 4:36 PM

    The Mets will win the Superbowl this year if SAC steps in.

    /Current Former Lehman Quant

  4. Posted by Heywood | May 4, 2011 at 4:36 PM

    The Mets will win the Superbowl this year if SAC steps in.

    /Current Former Lehman Quant

  5. Posted by Laxbro | May 4, 2011 at 4:47 PM

    Baseball blows. Real men play lacrosse.

  6. Posted by Guest | May 4, 2011 at 4:56 PM

    STFU We play Hockey.

    -P.F.

  7. Posted by Bruce Simons | May 4, 2011 at 4:57 PM

    Bet the Yankees, they never will. Cohen is a nouveau riche fool, claiming knowledge of art. One day SAC Capital will burst, you´ll see

  8. Posted by Bruce Simons | May 4, 2011 at 4:57 PM

    Bet the Yankees, they never will. Cohen is a nouveau riche fool, claiming knowledge of art. One day SAC Capital will burst, you´ll see

  9. Posted by LA | May 4, 2011 at 4:58 PM

    Only the lapels can keep Reyes on the Metropolitans. Long live the lapels.

  10. Posted by Guest | May 4, 2011 at 5:03 PM

    Go sell crazy somewhere else, we’re all stocked up here.

  11. Posted by Meat Stick | May 4, 2011 at 5:04 PM

    Ever play lacrosse naked with a raging hard on?

    Want to?

  12. Posted by Guest | May 4, 2011 at 5:18 PM
  13. Posted by Brian1284 | May 4, 2011 at 5:24 PM

    Contanza tried changing the uniforms for the yankees to cotton and it didn’t work, I dont think SC changing the Mets uniforms to fleece will be any different.

  14. Posted by Anonymous | May 4, 2011 at 5:26 PM

    YOU’RE WRONG!

  15. Posted by guest | May 4, 2011 at 5:39 PM

    is that a memory from the “navy years”?

  16. Posted by Brian1284 | May 4, 2011 at 5:45 PM

    You’re probably right, I have never been draped in SAC fleece before. It’s probably feels glorious.

  17. Posted by Don Mattingly | May 4, 2011 at 6:14 PM

    I wonder what fleece feels like pressed against my balls.

  18. Posted by Abe Costello | May 4, 2011 at 6:16 PM

    Stevie knows his baseball … that Chin-lung Hu is a real comer. Put him on first.

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