FLUSHING, N.Y.--(BUSINESS WIRE)--Fred Wilpon, Chairman and Chief Executive Officer of the New York Mets, and Jeff Wilpon, Chief Operating Officer of the New York Mets, issued the following statement:
As Sterling Equities announced in December, we are engaged in discussions to settle a lawsuit brought against us and other Sterling partners and members of our families by the Trustee in the Madoff bankruptcy. We are not permitted to comment on these confidential negotiations while they are ongoing.
However, to address the air of uncertainty created by this lawsuit, and to provide additional assurance that the New York Mets will continue to have the necessary resources to fully compete and win, we are looking at a number of potential options including the addition of one or more strategic partners. To explore this, we have retained Steve Greenberg, a Managing Director at Allen & Company, as our advisor.
Regardless of the outcome of this exploration, Sterling will remain the principal ownership group of the Mets and continue to control and manage the team’s operations. The Mets have been a major part of our families for more than 30 years and that is not going to change.
As we have said before, we are totally committed to having the Mets again become a World Series winner. Our fans and all New Yorkers deserve nothing less.
MEDIA CONFERENCE CALL DETAILS
Fred Wilpon, Jeff Wilpon, and Steve Greenberg will be available to discuss today’s announcement with members of the media on a conference call at 2:15 p.m. (ET). Members of the media are invited to dial in 15 minutes in advance of the call. Please use this toll-free dial-in number: (888) 260-6134 and enter the Conference ID: 40924587. The Mets will have no further comment until the conference call.