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Breaking Angles: The New York Mets Have Finally Been Sold

The Wilpons are FINALLY on their way out the door. Pop the champagne and celebrate as a new owner takes the reins of the New York Mets.

Shea Home Run Apple by slgckgc is licensed under CC BY 2.0

Breaking Angles: The New York Mets Have Finally Been Sold


Estimated Reading Time: 3 Minutes

Faithful Mets fans everywhere have been praying for this day to arrive for a LOOOOOONNNGGGG time. No, I don’t mean Bobby Bonilla Day. I’m talking about the day we can finally be rid of the Wilpon family.

How We Got Here

In January of 1980, Fred Wilpon and Nelson Doubleday headed a group that purchased the franchise for $21.1 million. At the time it was the highest price tag ever for an American professional sports franchise. In 1986 Fred went from being a minority owner to owning 50% of the club. It didn’t take long for the owners to begin clashing over how to run the team, and in 2002 Wilpon bought out Doubleday to the tune of $135 million. The Wilpons were now the single principal owners.

As pretty much every Mets fan knows – things haven’t gone well since then. Let’s just say that, especially in the shadow of that team from the Bronx, their ownership style has been – turbulent. From micromanaging to being stingy with player salaries, they’ve caused near constant headaches and heartache for the fanbase.

Bernie’s Buddies

Fred Wilpon and Bernie Madoff were close friends. In 1985, Wilpon invested millions with Madoff, beginning their financial relationship. Over the course of the following 20+ years, their financial ties grew exponentially. In December of 2008, when Madoff was arrested for running a $64 billion dollar Ponzi Scheme, everything went to hell. Needless to say, the calls for the Wilpons to sell the team only grew louder.

It’s Finally Happening – Or is it?

In December of 2019, word on the street was that the Wilpons were finally selling. Hedge fund billionaire Steven A. Cohen had reached an agreement that would make him the principal owner. Mets fans everywhere were excited about the prospect of an owner not named Wilpon. Then, in February of this year, Cohen walked away and the tentative deal fell apart.

Since then, there have been numerous different parties that have been mentioned as suitors for the franchise. Everyone from Alex Rodriguez to Brian Urlacher to Travis Kelce has been mentioned. Steven A. Cohen even made a new offer, and the race was on to see who, if anyone, would be able to pry the franchise from the Wilpon family, with Rodriguez and Cohen emerging as frontrunners.

However, Cohen’s deal pulled ahead and went in front of the rest of the MLB Ownership for a vote. Everything hung in the balance. Everything was riding on this one vote.

Sign On The Dotted Line

And now, after the MLB Owners voted in favor of the sale, and NYC Mayor Bill de Blasio signed off, the Mets have a new owner. The Wilpons are gone. Queens is free of their tight purse strings and terrible decision making. The Steve Cohen Era has begun in Flushing, and Mets fans haven’t been this happy in quite some time. Perhaps now the Mets will finally be run like a baseball team and not a circus.

Lets. Go. Mets.

Joe is an actor who grew up eating, living and breathing sports. He spent many an afternoon on the soccer or baseball field in his youth (and even gave several other sports a shot) before a series of events put him on the path to pursuing a performing career. Subsequently, he's worked almost every other type of job you could imagine while trying to support that endeavor. Whenever he's not working any of those jobs, he can often be found watching, playing or discussing sports in some way. Most of that banter revolves around the Mets, Giants, Rangers or Manchester United. His short term goal is to fully convert his fiance into a rabid sports fan, not someone who leaves the room whenever he turns a game on.

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