2:13pm: This morning’s report has received quite a bit of pushback. Per a statement from Silver Lake, “Any claim that Silver Lake is making or joining a bid for the NY Mets is entirely false and inaccurate.”
That follows a report from Charles Gasparino of FOX Business (Twitter link), who cites a spokesperson for the proposition that Adelson “has no interest in buying” the Mets, whether or not as part of a group.
10:28am: In a major potential development in the Mets sale process, billionaire Sheldon Adelson has entered the bidding picture, according to a report from Thornton McEnery of the New York Post.
Adelson, a casino magnate and top Republican donor who previously dabbled with the NFL’s Raiders as they moved to Las Vegas, is not launching his own, independent bid. Rather, he and private equity firm Silver Lake Partners are said to be joining the already established bidding group led by the present owners of the NBA’s Philadelphia 76ers and NHL’s New Jersey Devils.
As McEnery details, this represents quite an aggregation of wealth in one outfit. It isn’t clear just what the mix of ownership would be, though it seems Josh Harris and David Blitzer remain the lead prospective owners. Presumably, one of those men would be presented to the league as the would-be control person.
Most of the recent chatter surrounding the Mets sale process has involved the reemergence of Steve Cohen as the leading bidder. He was already trying to hold off a celebrity-laden group that couldn’t challenge him for financial supremacy. Now, Cohen will be vying with an even richer challenger.