1/31/11

The Role of Ownership

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We’re less than two weeks away from pitchers and catchers reporting and the only thing we seem to all be reading about is the possibility of the Mets taking on a new minority owner.


I counted 147 posts on my twitter account yesterday about the Mets, and 101 were on the ownership topic.



As some of you know, I was a 20% minority owner in a company. I also was the President, until my “partners” wanted to expand on the company in the troublesome 1980’s and I voted against it due to our already large debt owned to the banks. They met without me (their right), voted me out as President, and told me to take a hike while still retaining a personal guarantee against the debt. A year later, they sold the company for seven figures less than we owed and I got stuck with my portion of the bill. Trust me, it ain’t that special.



Is ownership that important to you, the fan?


Ask yourself a few questions:

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