As if things couldn’t get any worse for the New York Mets, James Dolan’s name popped up as a potential buyer in rumors about the ongoing attempted sale of the team.
Fortunately for Mr. Met and all his fans, the New York Knicks owner is primarily only interested in buying the Mets’ TV network SNY, not the team, according to The New York Post.
If Dolan was able to purchase SNY, he’d likely merge it with MSG Network to create “a New York sports-broadcasting colossus,” sources told The Post.
Last month, an attempt to sell 80 percent of the Mets for $2.6 billion to billionaire Steve Cohen fell through. Now, with the team set to go up for auction again — with A-Rod reportedly considering looking to become an owner — SNY could be joining it on the block and command as much as $900 million.
Were Dolan to go after SNY, that could possibly require him to buy some of the team as well. But, with an estimated net worth of just $1.5 billion, Dolan has no shot at buying the Mets on his own and would have to partner with another billionaire or ownership group with interest in owning the Mets.
Should that happen, Dolan could merge SNY with MSG and then sell his stake in the Mets.
“Jim Dolan buying the Mets sounds crazy at first,” a banker familiar with Dolan and the Mets sale told The Post. “But he has always wanted to merge [the MSG Network] with another local sports channel. He needs baseball, and that might require taking a shot at the Mets.”
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