A recent report came out regarding new ownership of the New York Mets. According to New York Post, a group including television executive Larry Meli, ex-Met Ed Kranepool and Donn Clendenon Jr., the son of another ex-Met has expressed interest in acquiring a share of the. One other party that is said to be involved with the group is Martin Luther King III, son of civil rights activist Martin Luther King Junior.
The Mets ran into some financial difficulties this winter when team owner Fred Wilpon was sued by Irvin Picard, the trustee for the Bernie Madoff investors, for his involvement in ponzi scheme that landed the former investment advisor in jail. A division of the New York Mets organization known as Mets Limited Partnership is known to have invested and profited from dealings with Madoff and his investment company.
The Mets money problems were evident this off season due to their lack of activity in the free agent signing period. In order to provide some cash flow to the organization, the Wilpon’s are looking to sell about a quarter of their shares. The recent group interested, headed by MLK III, is said to want at least a 50/50 cut.
The Mets came to life in 1962 as a way for New York fans to cope with the loss of the beloved Brooklyn Dodgers. When the Mets built Citi Field in 2008, they dedicated the name of the Rotunda entrance to the great Jackie Robinson. They also have plans to create a museum located near the Jackie Robinson Foundation in Manhattan to honor the baseball legend.
Due to the Mets strong ties to Robinson and Robinson’s place in baseball history as the first African American to grace the major leagues in 1947, Martin Luther King III would be a great addition to the Mets family. Said Larry Meli, “It's fitting with the legacy of Jackie Robinson essentially transferring to the Mets, what better place to have African-American ownership than with the Mets?"