The New York Mets had a new suitor emerge on Monday in Philadelphia Sixers and New Jersey Devils owner Joshua Harris reportedly throwing his hat in the ring to buy the franchise.
Harris joins a handful of other potential buyers, including Alex Rodriguez and Jennifer Lopez, who are eyeing to place a bid on the franchise.
Yet, with teams losing revenue due to the suspension of the season, some believe the Wilpons would sell the team at a discount.
WFAN’s Mike Francesa believes that would be “utterly ridiculous.”
“Nobody is getting the Mets 20 cents on the dollar,” he said to open Tuesday’s show. “This is a franchise worth billions of dollars. They’re not giving this franchise away.”
Francesa noted that the Mets, like all teams, may have a revenue shortfall this year but it should not have a significant impact on the overall value of the team.
“The Mets are in such a spot right now where they could give the team away for 20 cents on the dollar — what are you, crazy? One years’ revenue in baseball do not impact the asset that a major league franchise, a big-sport franchise in New York is worth,” he said. “You can’t get your hands on these franchises. They come available once every 20 years if you’re lucky. I don’t understand