baseball

Steven Cohen may yet own the Los Angeles Dodgers. But he still hasn’t given up hope of buying a chunk of his favorite baseball team. The SAC Capital Advisors founder is expected to buy one of the 4% stakes in the New York Mets currently on offer. The Mets plan to sell 10 such stakes—although the team’s current owners plan to buy at least two of the slices—to raise $200 million in an effort to pay down the team’s huge debt, while simultaneously allowing Fred Wilpon and Saul Katz to maintain control of the team…Buying the Mets stake would not keep Cohen from buying the Dodgers—although if he wins the latter, he’d have to sell the Mets share. That could make him a very short-lived Mets owner, as Dodgers owner Frank McCourt is expected to pick his successor by April 1. [FINalternatives]

Over the weekend, the LA Times reported that a group headed by Steve Cohen was among those that advanced to the second round of bidding for the Los Angeles Dodgers. Mark Cuban, “veteran baseball executive” Dennis Gilbert, and former Dodgers players Steve Garvey and Orel Hershiser are out; at the top of Cohen’s elimination list remain Magic Johnson and Joe Torre. Obviously, we have no idea whether or not the SAC Capital manager will emerge victorious. Either way, though, something about all this has been troubling us: namely how acquiring a baseball team figures into SC’s long-term plans. Continue reading »

Dykstra, in an exclusive statement to the Daily News, says that at no point had he agreed to participate in [previously announced fight versus Jose Canseco], and that Dan Herman, 26, of Chester County, whom he calls “A starf—er,” booked the fight without his consent and made up quotes in the press, including the Daily News, that Dykstra hated Canseco. Dykstra says that he doesn’t even know Canseco and has no beef with him. “I never agreed to anything,” the embattled Dykstra told us yesterday in an email. “Damon Feldman and Alki David continued to use my name to sell tickets and promote their event up until the last minute. They showed up at my door unexpected, I didn’t even know who they were,” Dykstra explained. He then showed Feldman and David an angry email he sent to Herman Wednesday night, chewing out Herman for booking the fight without his permission. By phone yesterday, Dykstra denied that Herman was ever his business manager. “If he’s my business manager, I’m a f—in’ ballerina,” he told us. [Philly, earlier]

Just sayin: Continue reading »

  • 01 Sep 2011 at 11:07 AM

Like Bankruptcy?

In a statement, the Mets said, “After months of negotiations, the parties were unable to reach agreement, and the Mets ownership has decided to explore other options.” [NYT, earlier]

The Mets deal is off. Continue reading »

The Mets’ deal to sell a minority stake in the team for $200 million to David Einhorn, a hedge fund manager, is finished except for completing the deal’s paperwork, said one person briefed on the sale. [NYT, earlier]