News

New York Mets Have Chosen Their ‘Preferred Bidder’ From The Wall Street Community

And it’s not Steve Cohen, i.e. Fred Wilpon just made the biggest mistake of his life.

Team ownership has chosen a preferred bidder — the group led by former Glencore commodities trader Ray Bartoszek and investor Anthony Lanza — and have been in advanced talks since last week on the proposed deal to sell up to a 49 percent stake in the money-losing team for $200 million. The talks, which can still splinter like a cheap bat because they have yet to iron out some sticky details, could be wrapped up and announced before the end of the month. “They are pretty close to a deal,” a source said…Bartoszek would be starting a new line of work as his present one closes. Until recently, the 46-year-old had been head of oil trading for the world’s biggest commodity trader, earning hundreds of millions of dollars for Glencore International. The Switzerland-based company listed its shares this month in the London Stock Exchange’s biggest IPO ever, raising $10 billion. Lanza, 44, started private equity firm Carriage House Partners. Sterling was previously close to reaching a deal with hedge fund titan Steven Cohen, but those talks later cooled.

Anyway, not that SC gives a shit- really, you guys did him a favor- but I hope you enjoy the ad spots he’ll be taking out on SNY, the SAC P&L analyst who will be tasked with circling the stadium during games in a ’97 Hyundai Elantra whose tailpipe drags and shouting obscenities over a loudspeaker, and paying a hefty ransom for Mr. Met.

Mets, Bartoszek group close to deal [NYP]

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92 Responses to “New York Mets Have Chosen Their ‘Preferred Bidder’ From The Wall Street Community”

  1. Meh says:

    I never noticed how small the hat is on Mr. Met

  2. Texashedge says:

    “sell up to a 49 percent stake in the money-losing team for $200 million.”

    Yet somehow the Houston Astros–the worst team in the National League–sold for $650 MM just last week.

    You gotta do that deal, Fred.

    • The wording is awkward in this post. The $200 million pricetag was hanging around when the part for sale was closer to 25%. If the Wilpon’s sell 49 percent, they’ll get considerably more than $200 million.

      • Texashedge says:

         That makes a lot more sense

        • Guest says:

          Actually, the original proposal does not sound outlandish considering that next year the Mets’ roster will be the equivalent of most AAA teams.  A better comp would be Scranton Yankees, not the Astros.  

  3. not a real fan says:

    how come there is not a Mr. Yankee?

    • AmericanBandersnatch says:

      Different approach.  The Mets try to bring in fans with the antics of a clownish mascot.  The Yankees focus on trying to win championships.  Both are valid.

      • Rdzilla says:

        I was going to go with “The Yankees play grown man baseball while the Mets are busy playing eternal second fiddle” but also find your take equally offensive to the Mets and funny.

      • guest says:

        let’s see, the yankees have spent over 2billion in payroll since 2001 and have won as many championships as the marlins, the diamondbacks, the giants, one less the the red sox and one more then the muts.  they have a 37 yr old shortstop making 17mil, a 36 yr old 3rd baseman making 30mil and a pitching rotation with 2 30 somethings who couldn’t make a major league roster last yr.  maybe the yanks should sell a piece to a winner like Stevie to REfocus.

        m francesca

        • Hcashny says:

          And The Mutts w the highest payroll in the NL most of the last couple decades have won what? I’ll take shots from Royals or Rays fans about payroll buy notchhzy, mascot loving, whiny Mutts fans

          • guest says:

            there was a time when the yankees were an afterthought joke and i was the king of the upper east side until i took my talents to south philly!

            -lenny “nails” dykstra

  4. The Boss says:

    Mr Yankee was George Steinbrenner

    • Thestrawinyourdrink says:

      Someone call for me?

      -Reggie Jackson

      • Krisony says:

        Hey Regie!! It’s ironic how we know eachother. We had dinner together with a great man who is unfortully not with us anymore. You would laugh at how our lives have crossed paths again in a crazy way. That’s all I can say at this point.. Don’t worry it’s it’s nothing bad. God bless!!

  5. early hominid says:

    Word is Mr. Met’s hat and jersey tested positive for DSK’s DNA.  I don’t believe it but it’s possible.  . 

  6. LoseMonday says:

    Bartoszek and Lanza are both close friends of Andrew Hall, CEO Phibro and AQstenbeck Capital Mngmt. Steve Cohen will be really pissed of, he hate commodity traders…

  7. Shawn says:

    Awesome picture of Mr. Met. 

  8. Happy Madison says:

    Cohen: “What are you talking about? We’re FOUR seconds late.”Selig: No, you’re 30 minutes and four seconds late. We stopped serving breakfast at 10:30. 

  9. AssBurgher says:

    The biggest mistake of his life; so far.

  10. Disgruntled Former Met fan says:

    Mr Wilpon….Shame on you….you should have known better….You are now getting what you deserve.  I am ashamed to say we went to the same High School in Brooklyn NY together;
    Why not let alderson run the whole thing….keep your two cents out of the ball club.

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