Mets President Saul Katz may be interested in selling his portion of the Mets, “because he has grown tired of spending millions to prop it up,” according to several people in baseball briefed on the matter, Michael S. Schmidt reports (NY Times, May 12).
“Katz has been hesitant to sell because it could result in Wilpon’s no longer maintaining majority control, according to the people familiar with Katz’s situation,” Schmidt wrote. “This has created a situation in which Katz has been locked into subsidizing part of the team’s losses in an effort to protect Wilpon, who considers the team a family heirloom and wants his son Jeff to control it for years to come.”
Katz and the Mets later refuted the article in a public statement.
“There is no truth to the reports of any intention of selling,” Katz said in the e-mail. “I have no intention of selling my share of the Mets nor have I ever had any intention of selling my share.”