The New York Mets expect to close on the sale of between four to seven minority shares in the next few weeks, sources familiar with the process told ESPNNewYork.com.
The 4 percent shares in the team are for $20 million apiece and would raise between $80 million and $140 million in an attempt to help stabilize the financially troubled franchise.
The infusion would allow the Mets to repay a $40 million bridge loan to Bank of America as well as a $25 million loan from Major League Baseball.
Still, ...Read full story
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