köpa Eulexin amsterdam billig Silvitra sverige Neurontin eljo pris köpa Compazine kroatien sänkt pris Caverta Erythromycin dosering vuxna Kemadrin utan recept är det olagligt att köpa Neurontin kan man köpa Cymbalta i spanien beställa Calcium Carbonate billigt Motilium på recept köpa Metformin på nätet sverige vart kan man köpa Panmycin online Crestor strömställare pris köpa Duetact på nätet lagligt Glucophage med snabb leverans kan man köpa Noroxin på mallorca köpa Chloromycetin apoteket beställa Zovirax på nätet lagligt köpa Geriforte online sverige köpa Aldara 20mg Innopran på apoteket pris kan man köpa Cytoxan i usa är det olagligt att köpa Speman eljo Levothroid dimmer pris köpa Procardia i london köpa Maxalt kroatien kan man köpa Cipro på apoteket i spanien sänkt pris Celexa kan man köpa Lexapro receptfritt i spanien köpa Erexin-V tyskland köpa Reminyl i tallin Cytoxan recept sverige är det lagligt köpa Actonel på nätet köpa Benicar flashback 2014 köpa Terramycin i london Azulfidine recept sverige köpa Metoclopramide budapest Differin till katt dosering köpa Tegretol budapest köpa Zocor på gran canaria köpa Celadrin från england eljo Procardia bästa pris köpa Zovirax på nätet köpa Rizact 400 mg köpa Arcoxia gel köpa riktig Bystolic kan man köpa Mentat i england Bonnispaz pulver köpa beställa Aspirin på nätet köpa Lynoral online flashback kan man köpa Charboleps på apotek köpa Fosamax i göteborg köpa Sildalis rhodos köpa Lasuna seriöst kan man köpa Vasodilan på apoteket i sverige köpa Imuran danmark hur får man Diltiazem på recept billig Fosamax sverige Advair hexal köpa Alli oral lösning pris köpa Adalat 10mg viagra Cefixime köpa beställa Aricept på nätet 2014 Nitrofurantoin jelly snabb leverans pris på Periactin sverige Speman köpa sverige var kan man köpa Avana receptfritt Zyprexa turkiet pris var kan man köpa Tadalis Lasix dos urinvägsinfektion hur får man recept på Himcocid köpa Coreg från england köpa Avana spanien Plaquenil flashback köpa farligt köpa Sinequan på nätet köpa Combivent på teneriffa köpa Diovan på apotek beställa Entocort england pris Compazine apotek hjärtat är det olagligt att beställa Hydrea beställa Arimidex utomlands köpa Sinequan i usa lagligt att köpa Aciclovir på nätet köpa Copegus egypten beställa Femcare på internet beställa Ginseng på nätet lagligt köpa Bactroban från england Brahmi dosering ångest pris på Ventolin i sverige köpa Aristocort egypten köpa Skelaxin receptfritt köpa billig Finax rekommenderad dos Ginseng pris Desyrel sverige Bentyl recept köpa Ayurslim kina köpa Confido i bangkok kan man köpa Buspar på gran canaria köpa Imdur gel köpa generisk FML Forte kan man köpa Astelin utan recept hur få recept på Terramycin köpa Nicotinell forum köpa Menosan 20mg hur köpa Prevacid säkert att köpa Bestina på nätet köpa Voltaren i norge lägsta pris Lozol kan man köpa Copegus på apotek Ayurslim dos nervositet köpa Colchicine på faktura Compazine liniment pris hur köpa Famvir köpa Oxytrol internet köpa Lady era mot faktura sänkt pris Topamax Vantin uttag pris köpa eljo Grifulvin V beställa Plaquenil bästa stället att köpa Lasix på köpa Naltrexone i tallin köpa Azulfidine på rhodos köpa Imitrex seriöst köpa Himcocid 10mg fungerar generisk Prednisone köpa Topamax i estland beställa Compazine på internet var kan man köpa Xeloda Procardia hur stor dos generisk Himplasia snabb leverans Antivert oral jelly köpa våga köpa Nootropil på nätet Biaxin säker leverans köp Aldara utan recept var kan man beställa Ralista köpa Silagra i tallin är det lagligt att köpa Cholestoplex på nätet köpa Entocort i tallin Amitriptyline dosering ångest hur får man recept på Myambutol apoteket Indocin gel pris Norvasc till katt dosering Tadalis dosering rampfeber köpa Toradol online billigt hur får man Exelon på recept köpa Nizoral i sverige köpa Nasonex tjeckien pris hyra container Trial Erection packs lägre pris på Cozaar köpa Danazol 2013 köpa Micronase lagligt i sverige köpa Zyban 2013 kan man köpa Trimox receptfritt i danmark Top Avana op recept köpa Yasmin apoteket köpa Prometrium på gran canaria bra sida att köpa Trandate köpa Rocaltrol nätet köpa Minocycline spanien köpa blå Viagra vart ska man köpa Silvitra Indocin gel på recept köp billig Minomycin Voveran köpa kan man köpa Robaxin i turkiet köpa Strattera i prag beställa Erexor online flashback bästa stället att köpa Dilantin på köpa Tamoxifen i spanien köpa Aygestin i phuket Cipro 100 billig köpa Lisinopril jelly Caverta gel recept beställa Ampicillin i sverige var köper man Finax utan recept Dipyridamole plåster pris köpa Deltasone i ungern Inderal pris sverige vad kostar Altace på recept köpa Metoclopramide för män pris på Aciclovir sverige Xenical beställa köpa Sinequan på nätet sverige Carbozyne billig Zofran vet dosering dödlig dos Forzest behövs recept för Reglan olagligt att beställa Ayurslim Zocor lägre pris Coreg pris apoteket Albenza dosering till hund beställa Pristiq för kvinnor skillnad mellan generisk Mycelex-g köpa Prednisolone online köpa Uroxatral sverige 2012 köpa Serpina på nätet billigt köpa Geriforte lagligt köpa V-gel i ryssland Atrovent utan recept spanien beställa Pletal på nätet köpa Noroxin flashback 2015 köpa Keflex i norge måste man ha recept på FML Forte pris på Differin i turkiet var kan man köpa Nolvadex kan man köpa Ampicillin i grekland Zenegra på nätet utan recept sänkt pris Precose köpa Antivert på mallorca Micardis dödlig dos Prednisone flashback köpa köpa Tenormin i spanien apoteket Tofranil pris köpa Tretinoin 20mg Benemid första dos köpa Endep utan recept jag vill köpa Betapace för hög dos Depakote köpa Anafranil i sverige forum Peni Large pris på apoteket lagligt att köpa Tadacip Hytrin rapid recept Triamterene mot ångest dos köpa Requip i sverige Pamelor strömbrytare pris försäljning av Mircette köpa Finax gran canaria pris Gasex på apoteket Benicar k dosering beställa blå Crestor flytande Celadrin dosering köpa Dilantin i kina tips köpa Promethazine var kan man köpa Levlen receptfritt var köper man billig Finpecia Bactrim pris gatan kan man köpa Abilify receptfritt i spanien köpa Silagra i tallinn köpa Aciclovir snabbt beställa Voltaren flashback vad kostar Singulair på recept köpa Lasix receptfritt behövs recept för Duetact svårt att få recept på Trental köpa Actos Lipitor recept flytande Effexor dosering beställa Rogaine 5 i sverige köpa Propecia i göteborg apoteket hjärtat Dostinex pris Tofranil dosering vuxen köpa Himplasia phuket köpa Baclofen flashback för hög dos Zenegra bra ställe att köpa Sominex kan man köpa Panmycin på apotek måste man ha recept för att köpa Atorlip-20 Paroxetine vet dosering köpa Finpecia 50mg är det säkert att köpa Metformin på nätet säkert ställe att köpa Atorlip-5 Tadacip och träning dosering köpa Doxycycline patong Prazosin på apoteket pris hyra container Antabuse pris våga köpa Mircette på nätet Albenza mot ångest dos hyra container Diovan pris köpa Gasex online billigt Atarax bästa pris Bupropion strömbrytare pris var kan man köpa Combivent på nätet beställa Antabuse sverige beställa Mestinon online flashback köpa Doxazosin seriöst Cymbalta sverige snabb leverans kan man köpa Malegra på apoteket i spanien köpa Arava inom sverige lagligt beställa Noroxin lagligt beställa Serpina att köpa Ranitidine Gasex gel recept är det olagligt att köpa Ponstel Wellbutrin bra pris köpa Erexin-V i grekland kan man köpa Kamagra på apotek köpa Isoniazid säkert på nätet Erexin-V eljo pris Eurax jelly köpa Duphalac till hund dosering köpa Pletal för män beställa Vytorin från sverige köpa äkta Duetact Finpecia beställa Celadrin beställa container Amaryl plåster pris vad kostar Accutane på recept köpa Atorlip-5 sverige köp Viramune snabb leverans köpa Dulcolax på nätet sverige köpa Doxycycline amsterdam jag vill köpa Lithium snabb leverans på Probalan pris på Wellbutrin på apoteket vart kan man köpa Paxil kan man köpa Albendazole på apoteket i sverige köpa Rogaine 5 online billigt är det lagligt att köpa Ponstel på nätet var köpa Gyne-lotrimin flashback köpa Nolvadex nätet är det olagligt att köpa Arava på nätet snabb leverans av Estrace pris Rogaine 2 på apoteket Big Appeal på recept Evecare shampoo köpa Synthroid köpa online köpa Confido 50mg köpa Prevacid 10 mg köpa Himcolin göteborg Coumadin gel pris apoteket Neurontin dosering sömn bästa pris Olanzapine pris Fluoxetine apotek hjärtat köpa Renagel tjeckien Reglan gel recept försäljning Antivert köpa Reminyl gran canaria köpa Anafranil i prag Vantin migrän dos kan man köpa Endep i frankrike hyra container Sildalis pris jag vill köpa Ponstel köpa Slim Tea turkiet köpa Avana barcelona bästa stället att köpa Remeron Ditropan pfizer köpa köpa Avodart i phuket köpa Adalat i london köpa Lincocin 400 mg köpa Flomax online lagligt kan man köpa Altace på apotek köpa Olanzapine på cypern beställa Hytrin utomlands svårt att få recept på Viagra dosering Panmycin till hund pris på Promethazine på apoteket lagligt köpa Clozaril är det olagligt att köpa Olanzapine på nätet Oxytrol duo leverans köpa Xeloda 100mg Prazosin att köpa köpa Motrin 400 mg Himcolin dosering urinvägsinfektion Claritin pris apoteket hjärtat Evecare eljo pris köpa Periactin i indien beställa Furosemide utan recept pris Arimidex på apoteket Omnicef pris på gatan olagligt att köpa Ranitidine beställa Zenegra på internet kan man köpa Eurax i grekland vad kostar Floxin på recept beställa Zofran inrikes beställa Zantac från thailand Panmycin strömställare pris lägre pris på Actos köp generisk Compazine hur beställa Slim Tea eljo Sildalis bästa pris köp Etodolac snabb leverans Avana pulver köpa Floxin på nätet utan recept recept för Sominex köpa Vytorin turkiet köpa Rosuvastatin i norge eljo Copegus pris vill du köpa Ashwagandha köpa Allopurinol i italien köpa Inderal inom eu eljo Lynoral bästa pris köpa Aspirin polen var beställa Grifulvin V var kan man köpa äkta Ventolin var kan man köpa Zocor på nätet bästa stället att köpa Levitra på hur stor dos Zanaflex ska man ta lagligt att beställa Pariet köpa Hydrochlorothiazide grekland köpa Propecia postförskott Avalide kräm köpa Deltasone shampoo köpa Vermox oral jelly billig köpa Stromectol i tyskland lägsta pris på Nolvadex vill du köpa Evecare är det lagligt köpa Noroxin på nätet köpa Rocaltrol estland Viagra hög dos vågar man köpa Copegus på nätet bästa pris Celebrex vart kan man beställa Furosemide Citalopram kräm pris köpa Promethazine köpa Zyloprim malmö köpa Seroflo i bulgarien apoteket hjärtat Stromectol pris köpa Nizagara sverige Florinef online snabb leverans beställa Carbozyne på nätet köpa billiga Methotrexate pris på Sominex i turkiet bra ställe att köpa Confido Unisom låg dos köpa Erythromycin butik pris på Famvir i turkiet beställa Uroxatral för kvinnor köpa Levothroid flashback 2015 Arava köpa online köpa Digoxin i sverige flashback Inderal mot ångest dos dödlig dos av Acivir köpa Flagyl ER oral jelly var köper man billig Procardia lägsta pris på Toprol kan man köpa Prednisone i turkiet Emsam utan recept spanien kan man köpa Yasmin på mallorca var kan man köpa Avodart säkert köpa äkta Actoplus på nätet måste man ha recept på Synthroid dödlig dos Tadacip Atarax pfizer köpa köpa Dipyridamole bangkok bästa pris på Cafergot är det olagligt att köpa Lasuna Compazine flytande dosering lagligt att köpa Actos vart kan man köpa Tinidazole Temovate gel recept lagligt köpa Tadalis bra sida att köpa Trimox köpa Flonase super active köpa Aldactone för tjejer köpa Amitriptyline olagligt köpa Tamoxifen inom eu hur ska man köpa Erexin-V Indinavir dosering sömn behöver man recept för Fluoxetine Tadacip flytande dosering Prometrium oral lösning pris köpa Cleocin utan recept köp billig Slimex flytande Alavert dos köpa Cardizem online 2013 köpa Oxytrol apoteket var kan jag köpa Artane var köper man Temovate utan recept Celadrin rapid recept beställa Zenegra england Finast shampoo köpa köpa Prilosec bangkok Zyban snabb leverans köpa Reminyl över disk beställa Indocin på nätet 2014 köpa Hyzaar i eu är det olagligt att köpa Hytrin Artane online utan recept köp billig Lotrisone Cystone migrän dos snabb leverans på Erythromycin viagra Penegra köpa vågar man köpa Allegra på nätet köpa Confido flashback 2015 bästa pris på Celebrex köpa Doxycycline danmark vad kan man köpa Zofran köpa Lozol i danmark köpa Kamagra var säkert att köpa Alavert på nätet kan man köpa Cafergot på apoteket i sverige sänkt pris Minomycin Lamictal dosering halsfluss vart ska man köpa Astelin Zebeta för kvinnor pris beställa Phenergan från thailand vågar man köpa Vantin på nätet köpa Probalan i butik apoteket Sinemet gel pris Hyzaar dödlig dos Zestoretic dosering sömn köpa Suhagra 400 mg Duphalac duo leverans köpa laglig Zyvox kan man köpa Geriforte i frankrike köpa Deltasone i göteborg köpa Astelin i tallin köpa Decadron prag köpa Tegretol malmö
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News and information about the sale of all or part of any of the 30 Major League Baseball clubs.

Former Texas Rangers President Appointed to Run Los Angeles Dodgers PDF Print E-mail
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MLB Club Sales
Written by Maury Brown   
Monday, 25 April 2011 14:13

DodgersTHIS IS BREAKING NEWS...

When Commissioner Selig announced that MLB would be taking over the day-to-day operations of the Los Angeles Dodgers because of his “deep concerns regarding the finances and operations” of the club, we threw out a couple of names that we thought might take the position of trustee. Few, if any, saw this one coming.

MLB has announced that Tom Schieffer, the former president of the Texas Rangers, as the Monitor of the Los Angeles Dodgers franchise. Schieffer will represent the Office of the Commissioner of Baseball in the oversight of the day-to-day operations, business and finances of the Dodgers and all of the franchise’s related entities.

Schieffer, an investor in the ownership group headed by George W. Bush and Rusty Rose that purchased the Rangers in 1989, was the club president from 1991-1999 and the franchise’s general partner from November 1994 until June 1998. The Fort Worth native was the club’s partner in charge of ballpark development in advance of the 1994 opening of The Ballpark in Arlington. The Rangers won their first three American League West titles (1996, 1998-1999) in club history in the years during Schieffer’s tenure.

As the president of the Rangers, Schieffer was a member of several significant Major League Baseball committees and boards, including the 1999 Blue Ribbon Task Force on Baseball Economics. An attorney who specialized in oil and gas matters and investment management, the 63-year-old Schieffer served three terms as a Democrat in the Texas House of Representatives after being elected at the age of 25.

Schieffer, 63. is the older brother of CBS newsman, Bob Schieffer. He served as the United States Ambassador to Australia from 2001-2005 and then as the U.S. Ambassador to Japan from 2005-2009 under President George W. Bush. In 2009, Schieffer was honored by the Department of Defense with its Distinguished Public Service Medal, the U.S. military’s highest civilian award.

Commissioner Selig said: “We are very fortunate to have someone of Tom Schieffer’s stature monitor the operations of the Los Angeles Dodgers on behalf of Major League Baseball. Tom is a distinguished public servant who has represented the nation with excellence and has demonstrated extraordinary leadership throughout his career. The many years that he spent managing the operations of a successful franchise will benefit the Dodgers and Major League Baseball as a whole. I am grateful for Tom’s acceptance of this role.”


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Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey, as well as a contributor to FanGraphs and Forbes SportsMoney. He is available for hire or freelance. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

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MLB SEIZES CONTROL OF LOS ANGELES DODGERS PDF Print E-mail
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MLB Club Sales
Written by Maury Brown   
Wednesday, 20 April 2011 16:29

DodgersTHIS IS BREAKING NEWS...

With the divorce of the McCourts, and attendance woes chewing into the bottom line, MLB has finally stepped in and is assuming control of the Los Angeles Dodgers. Commissioner Selig has released a statement saying:

“Pursuant to my authority as Commissioner, I informed Los Angeles Dodgers owner Frank McCourt today that I will appoint a representative to oversee all aspects of the business and the day-to-day operations of the Club.  I have taken this action because of my deep concerns regarding the finances and operations of the Dodgers and to protect the best interests of the Club, its great fans and all of Major League Baseball. My office will continue its thorough investigation into the operations and finances of the Dodgers and related entities during the period of Mr. McCourt's ownership.  I will announce the name of my representative in the next several days.

“The Dodgers have been one of the most prestigious franchises in all of sports, and we owe it to their legion of loyal fans to ensure that this club is being operated properly now and will be guided appropriately in the future.”

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Why the McCourt Divorce May Be the Least of the Dodgers Worries


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Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey, as well as a contributor to FanGraphs and Forbes SportsMoney. He is available for hire or freelance. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

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Mets Narrow Minority Ownership List to Eight PDF Print E-mail
MLB Club Sales
Written by Maury Brown   
Friday, 08 April 2011 15:25

MetsThe search for minority owners in the New York Mets has reportedly been narrowed down to eight. According to the New York Daily News, the eight groups have been vetted by Major League Baseball and will be looking to purchase between 25-40 percent of the club.

"Now they'll decide who gets to Round Two," said a source to the Daily News. "They are very happy with the numbers they're seeing. There's a range - the low end is marginally acceptable and the high end is very acceptable."

From the report:

The Mets' owners are expecting to raise between $150 million and $200 million for a stake in the team. The cash infusion from an investor is expected to be used to operate the team, as the Daily News has reported, not to pay off any Madoff liability that might arise out of the litigation or a settlement. The team would conceivably pay off a $25 million loan it recently got from MLB and some of its bank debt on the club itself. That would leave about $100 million for the team.

On top of the Madoff lawsuit, attendance issues have plagued the Mets since moving into Citi Field. Last year, the Mets ranked 12 in attendance drawing 2,559,738, an average of 32,401 or  just over 77 percent of capacity.


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Mets Look to Have $1 Billion in Recoveries from Madoff Bankruptcy Trustee Dismissed PDF Print E-mail
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MLB Club Sales
Written by Maury Brown and David Simmons   
Sunday, 20 March 2011 23:35

MetsOn Friday, Irving Pichard, the trustee for the liquidation of Bernie Madoff’s investment company, amended his complaint in the United States Bankruptcy Court for the Southern District of New York, against Sterling Equities seeking $1 billion in recoveries due to “additional alleged fraudulent transfers of principal (that) occurred during the six years prior to December 2008” with Madoff who was found to be at the center of the largest Ponzi scheme in US history.

Sterling, the investment fund that is run by Mets co-owners Fred Wilpon and Saul Katz, fought back on Sunday, filing a 107-page response seeking to dismiss the amended complaint based on Pichard making “false allegations” that sought to leverage Sterling into settling.

(READ THE 107 PAGE RESPONSE)

The filing states, in part:

Sterling filing
Read the Sterling response

“Customers of a registered broker receive special protection under federal and state securities laws. To avoid a broker’s payments to such customers, the Trustee must prove that the customer has forfeited customer status because he essentially knew that, instead of depositing cash with his broker for the purpose of buying securities, he was investing in a fraud and therefore the antecedent debt discharged by the broker’s payments was invalid.

“The undisputed facts demonstrate that the Trustee can prove no such guilty knowledge, nor any bad faith.”

The response adds that, “The Sterling Defendants should never have been targeted by the Trustee, nor put in such a position. They are victims. They were defrauded by Madoff. They are now being victimized again and harmed—both personally and as a business matter—by successive complaints, even though there is no factual or legal basis for the Trustee’s claims.”

The filing cites Peter Stamos, the outside hedge fund manager for Sterling, advising the Sterling partners to invest with Madoff right up until the Ponzi scheme was revealed.

“I’m embarrassed to say that I said to Mr. Katz on a number of occasions that my assumption is that Mr. Madoff is the most honest and honorable man, among the most honest and honorable men that we will ever meet,” said Stamos under deposition. “Number one. And, number two, that he is perhaps one of the—my assumption is he’s perhaps one of the best hedge fund managers in modern times. . . . [The first assumption was b]ased on his reputation, based upon his long track record, based upon having seen him receive these awards and the positions that he held as chairman of the NASDAQ, having built this great company. He was, quite frankly, legendary, to all of us. And I stood in awe of that with Mr. Katz, and I assumed that.”

An interesting aspect of the response filed by Sterling centers on Pichard’s claims that “Fred Wilpon and Saul Katz” are “sophisticated investors.” In the deposition cited, Katz and Wilpon are portrayed as not being as such.

“Q. Do you understand—do you consider yourself a sophisticated investor? . . . I’m talking about in the stock market, not in real estate or anything else.

[S. Katz]. In the sophisticated, in today’s world of derivatives that are going on, the answer is no. . . . I don’t do well in the markets, the stock market. I’m not good at it, it’s not my business. I don’t have an active trading account anywhere.”

* * *

“Q. Did you understand how Madoff was making money off of his investment business?

[F. Wilpon]. Not in any kind of depth.

Q. Well, what do you mean by not in any kind of depth? Did you have any understanding?

A. I’m not an investment person, I’m not an investment, stock investment advisor, so I wouldn’t have that kind of expertise.”

The Mets continue to try and sell a minority stake in the club that will allow them to deal not only with the fallout from the Madoff scandal, but declining attendance. According to the NY Post, the league has approved three potential bidders that were vetted by the investment bank Allen & Co.

The groups include one led by the team of Goldman Sachs' David Heller and Apollo's Marc Spilker, and another including Steve Starker, co-founder of the global-trading firm BTIG and Ken Dichter, the co-founder of Marquis Jet as potential New York Mets owners, sources said.

At least one or two additional bidders have also been passed along to the MLB Commissioner, and could be cleared to bid for the team, sources said.

The club is no longer able to add more debt due to new rules from MLB.  Recently, due to the Texas Rangers bankruptcy, the league enacted protections to keep any club's distressed debt from being gobbled up by “vulture hedge funds” such as Monarch Alternative Capital.

To add to the Mets woes, The WSJ reported recently that, “Executives at Time Warner Cable Inc. and Comcast Corp. would be unlikely to allow the owners of the New York Mets to sell part of their stake in the jointly owned regional cable channel Sportsnet New York, according to people familiar with the executives' thinking.”

All this comes as the Mets will begin having to pay player payroll, and their $22 million construction bond for Citi Field comes due at the end of June.


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Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey, as well as a contributor to FanGraphs and Forbes SportsMoney. He is available for hire or freelance. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

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Group Led by Martin Luther King III Has Interest in Purchasing Portion of Mets PDF Print E-mail
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MLB Club Sales
Written by Maury Brown   
Monday, 31 January 2011 08:50

MetsWith Jeff and Fred Wilpon putting a portion of the New York Mets up for sale late last week, potential suitors are already lining up. The New York Post reports that Martin Luther King III is part of a group interested in becoming partial owners of the club.

According to The Post, the group includes Mets legend Ed Kranepool; entrepreneur Donn Clendenon Jr., son of the 1969 Mets World Series MVP; TV executive Larry Meli; and a number of unnamed deep-pocketed investors.

But, as we covered when this story broke (see Weight of Madoff Scandal Puts Portion of New York Mets Up for Sale), a key factor in the sale of the club is what percentage the Wilpons are willing to sell. That could be a potential stumbling block in negotiations with the MLK III group.

The group is seeking “at least a 50 percent” ownership share – a large controlling interest. The Wilpons are reportedly seeking to sell just half that – 25 percent.

"I think in order for it to make sense it would have to be at least a 50-50 arrangement," said Meli, a trusted friend of King, who is cited in The Post article.

Meli also noted that MLB currently has no African-American owners, which true in terms of controlling interest, but not at the minority ownership level.

Fred and Jeff Wilpon said Friday in a statement, “Regardless of the outcome of this exploration, Sterling will remain the principal ownership group of the Mets and continue to control and manage the team's operations. The Mets have been a major part of our families for more than 30 years and that is not going to change.”


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey, as well as a contributor to FanGraphs and Forbes SportsMoney. He is available for hire or freelance. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

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Drayton McLane Enlists New York Banking Firm to Sell Houston Astros PDF Print E-mail
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Written by Maury Brown   
Friday, 19 November 2010 01:43

AstrosUPDATE: McLane has called a 2:30pm CT press conference at Minute Maid Park to discuss the sale.


Houston Astros owner Drayton McLane has passively trying to sell club for more than two years, but has now reportedly retained the services of New York investment firm Allen & Company to more aggressively sell the club.

 

MLB sources have reportedly told FOX 26 in Houston that Allen & Co. will attempt to sell the Astros franchise for $800 million. The deal would include a stake in the newly created regional sports network CSN Houston that sees Comcast and the NBA Houston Rockets as partners. It is unclear what the total split between the Rockets and Astros comes to, but reports have had the two Houston sports properties owning 77.5 percent to Comcast’s 22.5 percent of the RSN.

Earlier this year, McLane entered into an exclusive negotiating window with Great Court Capital of New York to purchase the club. The group included former United States Olympic Committee chief Harvey Schiller and was also the president of the International Baseball Federation. (Read The Biz of Baseball interview with Schiller). That deal was reportedly for $650 million, but fell through. In 2008, Houston businessman Jim Crane backed out of deal at the 11th hour to purchase the club.

McLane has owned the Astros since 1993 when he purchased them for $117 million from John McMullen. That deal included the lease on the Astrodome.

Forbes valued the Astros at $453 million for last year, ranking 11th out of the 30 clubs. The following shows the Forbes valuations from 2001 to 2009 (see historical Forbes rankings):

Astros Valuations

NOTE: NOT ADJUSTED FOR INFLATION


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey, as well as a contributor to FanGraphs and Forbes SportsMoney. He is available for hire or freelance. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

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Greenberg-Ryan Run Full-Page "Message for Fans Texas Rangers" In Several Papers PDF Print E-mail
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Written by Maury Brown   
Sunday, 22 August 2010 20:10

Texas RangersThe new ownership of the Texas Rangers continues to reach out to fans in the Dallas/Ft. Worth market and beyond after officially taking over the club just over a week ago. First it was sweeping price cuts at the Ballpark, now it’s a letter to fans.

Today, a "Message for Texas Rangers Fans Everywhere" by Chuck Greenberg and Nolan Ryan runs as a full-page ad, not only in the Dallas/Ft. Worth Sunday editions, but in eight other markets. According to John Blake, Exec. VP of Communications for the Rangers, the ad ran in the Dallas Morning News, Fort Worth Star Telegram, as well as in outlying markets in and out of the State of Texas (Austin, Oklahoma City, Abilene, Waco, Tyler, Longview, Wichita Falls, and Shreveport).

According to Blake, the Greenberg wanted to reach fans as far away as 3-and-half hours from Arlington.

(READ THE BIZ OF BASEBALL INTERVIEW WITH CHUCK GREENBERG)

The ad, signed by Greenberg and Ryan starts by saying, “Welcome to a new beginning. We can’t tell you how excited we are to complete the purchase of the Texas Rangers.”

Select the image below to read the ad

Texas Rangers ad
Full-page ad that ran in several papers on Sunday


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey, as well as a contributor to FanGraphs and Forbes SportsMoney. He is available for hire or freelance. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

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MLB UNANIMOUSLY APPROVES OWNERSHIP TRANSFER OF TEXAS RANGERS TO GREENBERG-RYAN GROUP PDF Print E-mail
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Written by Maury Brown   
Thursday, 12 August 2010 11:21

Texas Rangers

This is breaking news...

The long and winding road has finally ended....

Yesterday, MLB’s ownership and executive committees unanimously approved the purchase of the Texas Rangers by a group led by Chuck Greenberg and Nolan Ryan, and today, the 30 owners have sealed the deal by voting unanimously to approve the ownership transfer today at the quarterly meetings in Minneapolis.

According to Jeff Wilson of the Dallas Morning News, the meeting occurred at 8:45am. Chuck Greenberg waited outside the room as the vote took place and was greeted by Rangers General Manager Jon Daniels after the vote was final. Greenberg was then allowed to enter the meeting with the other 29 owners. Greenberg traveled to Minneapolis with key Rangers Baseball Express investors Ray Davis and Bob Simpson. Nolan Ryan is staying back in Texas where the team has been playing the Yankees.

In a statement, Commissioner Selig said:

“I am very pleased that Chuck, Nolan and their impressive ownership group have been approved as the new leadership of the Texas Rangers franchise,” Commissioner Selig said. “Chuck and Nolan have demonstrated an unwavering commitment to the Rangers. Their passion for Major League Baseball as a whole and particularly the future of baseball in Texas is exemplary.

“In addition, I want to thank the Rangers’ fans for their patience throughout this difficult process. I am confident that Chuck, Nolan and the entire ownership group will serve as dedicated stewards of this club by building a long-term, stable franchise which values its standing in the Dallas-Fort Worth communities. I am glad that the Rangers’ great season on the field will get the attention it deserves during the pennant race.”

Shortly after the vote, the Greenberg-Ryan group released the funds needed to complete the sale.

“I can’t tell you how excited we are to complete our purchase of the Texas Rangers,” commented Greenberg. “It’s been a long journey, but well worth the wait. We believe that this franchise belongs to all of its fans, and we pledge to be passionate in all we do to bring you the very best on and off the field.”

“We can now turn our full attention to continuing what has been a great season on the field,” said Ryan. “We thank the fans and the community for their tremendous loyalty and support and we look forward to the excitement as we head down the stretch and into October.”

The vote by MLB’s 30 owners to approve the ownership transfer caps one of the most contentious club sales in sports history. The club was placed in voluntary Chapter 11 bankruptcy after Tom Hicks fell $525 million in debt. Creditors for Hicks pushed for an open auction process, which pitted Mark Cuban and Jim Crane against the Greenberg-Ryan group. The latter won at auction with a sale price of $593 million, far more than the creditors had expected.

TEXAS RANGERS OWNERSHIP

Principal Owners (Years)

  • Robert E. Short (December 3, 1968-May 29, 1974)
  • Bradford G. Corbett (May 29, 1974-April 29, 1980)
  • H.E. (Eddie Chiles) ( April 29, 1980-April 21, 1989)
  • George W. Bush/Edward W. Rose Partnership* (April 21, 1989-June 16, 1998)
  • Thomas O. Hicks (June 16, 1998-August 12, 2010)
  • Chuck Greenberg/Nolan Ryan Partnership (August 12, 2010- )

*J. Thomas Schieffer succeeded Bush as a General Partner in November 1994

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Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey, as well as a contributor to FanGraphs and Forbes SportsMoney. He is available for hire or freelance. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

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On Eve of MLB Vote, Dispute Arises Over Removal of Aircraft Lease Agreement in Texas Rangers Chapter 11 Plan PDF Print E-mail
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Written by Maury Brown   
Wednesday, 11 August 2010 22:38

Texas Rangers

JPMorgan Chase, one of the first-lien lenders in the Texas Rangers bankruptcy case has challenged a section of the Asset Purchase Agreement that was altered after the group led Chuck Greenberg and Nolan Ryan won at auction last week for the purchase of the club. The challenge will not prevent ownership transfer which is expected to made official by vote of MLB’s 30 owners on Thurs.

At issue are $1.9 million in aircraft lease payments that were removed from the APA after the auction. The motion by JPMorgan claims the Greenberg-Ryan group (Rangers Baseball Express), Texas Rangers Baseball Partners, and William Snyder, the CRO in the case, removed the lease terms with Hicks Sports Group in “a process that lacks transparency and ignores the rights and interests of (JPMorgan Chase).” The banking institution had asked for an emergency hearing on the matter on Weds. with Judge Michael Lynn.

In an objection filing, representatives for RBE said, “Put simply, a dispute about relatively small lease payments (totaling approximately 0.3% of the purchase price) that will not be made for three weeks or more does not create an emergency necessitating that the Court set a hearing on 12 hours notice.”

The court agreed adjourning “to a later date and will be re-noticed accordingly.”

More news as it becomes available

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Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey, as well as a contributor to FanGraphs and Forbes SportsMoney. He is available for hire or freelance. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

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Texas Rangers Sale Approval Top Item of MLB Owners Meetings PDF Print E-mail
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Written by Maury Brown   
Wednesday, 11 August 2010 08:57

Texas Rangers

After months of legal wrangling, MLB is poised to approve the sale of the Texas Rangers. Today, the beginning of two days of quarterly meetings for MLB owners begins with the sale of the Rangers its chief topic. Last week, the preferred group of the league, led by Chuck Greenberg and Nolan Ryan won at auction over a group of Mark Cuban and Jim Crane for the right to purchase the club out of Chapter 11 bankruptcy. The total price was $593 million with a total cash amount of $385 million.

The vote is set to take place when the full slate of owners arrives in Minneapolis on Thursday. Ownership transfer requires three-quarters of the league’s 30 owners to vote for approval. The vote is expected to easily pass, most likely unanimously.

More news as it becomes available

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Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey, as well as a contributor to FanGraphs and Forbes SportsMoney. He is available for hire or freelance. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

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