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Mets Owners 'Never Wanted to Give Up  Control': Scaramucci

Thursday, 1 Sep 2011 | 12:46 PM ET

The number one thing the owners of the New York Mets, Fred Wilpon and Saul Katz, "never wanted to give up is control" of the organization, Anthony Scaramucci, managing partner of the alternative-asset firm SkyBridge Capital, told CNBC Thursday.

AP

SkyBridge has approximately $8 billion in total assets under the advisement or management, and once bid for a minority interest in the baseball team.

David Einhorn, head of the hedge fundGreenlight Capital, announced Thursday his plans to buy a large minority stake in the New York Mets for $200 million had collapsed.

Einhorn proposed making the investment in the team in May after the team owners, Fred Wilpon and brother-in-law Saul Katz, were sued for $1 billion by the trustee seeking money for Bernard Madoff's Ponzi scheme victims.

"You have to remember the Wilpon and Katz families have owned the team since 1980. It's a family-owned enterprise," said Scaramucci.

He noted the original reason why the Mets went with Einhorn was simply because he had available cash to put up immediately. "I think most of the other bids came with some fundraising contingencies, including the bid that we [SkyBridge Capital] put in," he said.

Don't Meet the Mets
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"Our bid was contingent upon raising some money, and I frankly think they want to go with a group that is not going to have to raise some money," explained Scaramucci.

During a conference call today, Einhorn said the Mets organization asked for too many changes to make the deal work.

'My guess is that David wanted more than just to be a passive owner of that team, say, over a five- to 10-year period of time. And I think that was really where the struggle was, if I was analyzing it clinically," Scaramucci said.

The real question is whether the Mets owners will find somebody who "will do exactly what they want, which is to infuse $200 million into the team, not go after any of the broadcasting rights and be their passive partner," he concluded.

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