WSJ: Partial sale to be completed by June

According to the Wall Street Journal, “The Mets hope to complete the sale of up to a 25% stake by the end of June,” as Ownership works to seek funds to make up for a potential settlement related to Bernard Madoff.

Last night, the Associated Press reported that team owners met with Bud Selig and his lieutenants Tuesday to discuss the ballclub’s ‘financial problems.’

The meeting was ‘cordial,’ sources told the Journal, which also reports that Mr. Picard is seeking more than $300 million plus some of the principal investment, ‘alleging (Wilpon and Katz) knew or should have known the business was fraudulent.’