New York Mets Have Chosen Their 'Preferred Bidder' From The Wall Street Community - Dealbreaker

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

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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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New York Mets Might Want To Savor Their Time Under The Tutelage Of Steve Cohen

...because they're about their last! SAC Capital Advisors founder Steven Cohen is the front-runner to purchase the Los Angeles Dodgers. Reports earlier this week indicated that Cohen's bid for the baseball team was a couple hundred million dollars less than that made by former baseball executive Stan Kasten and Los Angeles Lakers legend Magic Johnson. But Cohen's bid now matches the Kasten-Johnson offer of $1.6 billion—and at least half of Cohen's purchase price would come in the form of cash. Indeed, Cohen, who last month bought a small stake in the New York Mets, which he would have to give up if approved to buy the California team, may already be planning for the Dodgers' future. He has reportedly spoken with former Major League manager Tony La Russa about taking the team over under a Cohen regime. [FinAlternatives]