The timeline for a prospective sale of the Mets has gained clarity. Final bids are due by the end of August, according to Scott Soshnick of Sportico.
There’s more to it than scratching out a number on a piece of paper, of course. As Soshnick explains, August 31st will also represent the point by which a bidding group must be firmed up with verifiable financial resources.
We haven’t seen much chatter on the Mets sale process in recent weeks. There was more gossip than news when last we checked in, including a strongly disputed report about the involvement of Sheldon Adelson and further sports celebrity support for the bidding group fronted by Alex Rodriguez.
While it remains unclear now who’ll come away with the New York club, the process is now set to reach a critical stage. At least five groups are known to be in pursuit, with varying degrees of interest and financial clout. Even as the Mets try to make a September run at the postseason in the final campaign under current ownership, the Wilpons and their advisors will be sifting through bids and deciding who’ll control the next phase of the organization.