Sports
Mets Shares Are for Sale Six Years After Madoff Fraud
- Investors paid $20 million six years ago for 4% stakes in club
- Mets owners have right to buy back shares at current valuation
Here's Your Chance To Own A Piece Of The New York Mets
Wealthy Mets fans who have ever dreamed of owning a piece of New York’s National League baseball team are about to get their chance.
Six years ago, when team owners Fred Wilpon and Saul Katz were being sued by the trustee representing Bernie Madoff’s victims, they sold a dozen four-percent shares of the team to raise cash. Some of those investors now plan to sell their shares, according to people familiar with the matter.