Offers may be subject to change without notice. So, when it was announced that the team was being sold to a group led by Steve Cohen, it was only natural that people would be curious about how much money Maher made on the deal. 25 Tom Friend, Baseball; A tossed Firecracker, a Cloud on Coleman, New York Times, July 23, 1993; Malcolm Moran, On Rainy Day, Saberhagen Pitches a Fit, New York Times , August 7, 1993. Shea had initiated efforts to convert a dilapidated lot that was shared with municipal leagues into a new grass field upon which Little League in Harlem could play. At the same time the Mets were also still paying off Johan Santanas $137.5 million contract through 2014. Louis Lanzano/Associated Press The last details of that era were already being scrubbed from the. In 1972 they founded Sterling Equities and their first project involved townhouses in Tarrytown, New York, up the Hudson River from Manhattan. New York Mets seek to push back $250 million loan by one year amid sale These investments came when the Wilpons needed help keeping the franchise solvent in wake of the Bernie Madoff Ponzi scheme, and $20 million became about $60 million in the sale. Pitcher Dwight Gooden ended up in drug rehab in April 1987. One of the first moves Doubleday and Wilpon had to make was hiring a new GM after Joe McDonald left. After paying $1 million for her primary investment, Payson moved quickly to organize and name her new ballclub. The greatest lineups ever? Wilpon and Doubleday had not agreed on how to run the ballclub for many years leading up to the split. As part of the expansion of the National League in 1962 a franchise was given to New York City. The sale ended Jeff Wilpon's tenure as chief operating officer. The 64-year-old Cohen is CEO and president of Point72 Asset Management. The Mets were also granted exclusive rights to Shea during the course of the baseball season by Parks Commissioner Newbold Morris. He received a check from the sale of the New York Mets, according to his statement. The Perks and Perils of Owning a Small Share of a Sports Team Bill Maher Cashes In On Mets Sale The Mets' sale netted Bill Maher a few thousand dollars. Cohen's $2.4 billion . Bill Maher Tripled His Money in Mets Minority Stake - OutKick He has a net worth of $100 million. At the end of the 2016 season Alderson was able to re-sign Yoenis Cespedes for $110 million for three years, indicating willingness on Wilpons part to commit some big funds for the future.36. Included are 20 new stories and photographs filling 143 additional pages. forms: { Being built on marsh land meant the new stadium had constant drainage issues. Bill Maher Tripled His Money in Mets Minority Stake, Walking A Batter Who Purposely Isnt Swinging Should Get You Booted From Spring Training, Are You Fn Kidding Me? Curt Schilling Responds To Kevin Millar Calling Pitchers Mental Midgets, Interview: Former Red Sox Champion Kevin Millar Talks New MLB Rules With OutKick, Former Minor Leaguer Peter Bayer Contends MLB Is Unfairly Punishing Him For Betting On Baseball During Covid-Impacted 2020 Season | Mike Gunzelman. He purchased his stake several years ago after previous owners attempted to sell it. The Advantages And Disadvantages Of Wearing Gloves For Baseball Pitchers, Review Of The Top Baseball Helmets For Optimal Protection And Performance, Experience The Magic Of Target Field: Minnesota Twins Home Since 2010, Exploring The Differences Between Mens And Womens Baseball Caps, A Special Place For Kids At Second Base: Enhancing The Baseball Experience For Players And Fans, The Fascinating History Of The Brown Stuff On Baseball Helmets, Minnesota Vikings Unveil Sleek New Look For Thursday Night Football Game. Jeff found himself the center of a lawsuit of his own in 2014 over the firing of a pregnant female employee. Late in 1957, New York Mayor Robert Wagner Jr. appointed a committee to bring National League baseball back to the city. Trade (via KC On Feb 10, 2021) Traded To New York (NYM) From Kansas City (KC) As Part Of A 3-team Trade: Boston (BOS) Traded Andrew Benintendi To Kansas City (KC); Kansas City (KC) Traded Franchy Cordero, Grant Gambrell And Luis De La Rosa To Boston (BOS); New York (NYM) Traded Josh Winckowski And Freddy Valdez To Boston (BOS) $750,000. During his first visit to Citi Field, Maher discusses his investment in the team. Steven A. Cohen's long, arduous pursuit of the Mets is headed toward a conclusion, but New York City may throw up a last-minute roadblock. Their total payroll projects to be $495 million. 21 Richard Goldstein, Frank Cashen, Who Turned Lowly Mets into Swaggering Champions, Dies at 88, New York Times , June 30, 2014. Joan Whitney was born in New York in February 1903 to a family with an impressive lineage. For the time being, TV rights remain sky high. 22 Robert Silverman, The Hell-Raising, Cocaine-Snorting 86 Mets: Craziest Team in Major League Baseball History, November 1, 2015, thedailybeast.com; Mark Armour, Frank Cashen, sabr.org. In 2002, Wilpon and Sterling Equities bought out Doubleday and as of 2017 have remained the primary owners. The crossword clue possible answer is available in 5 letters. Shea Stadium was dedicated the day before the home opener with Shea, Mayor Wagner, Robert Moses, manager Casey Stengel, Joan Payson, and many dignitaries in attendance. Returns to investors will be slightly lower because it will exclude costs, including roughly $350 million in remaining debt. Maher and Lerer didnt return requests for comment. Other costs that are expected to eat into sale returns include the $15 million the limited partners were forced to fork over this summer when the Wilpons called on them for capital to offset the impact of the coronavirus slamming ticket sales and shortening the season. The previous. Im in town to purchase something. section: | slug: new-rules-comedian-bill-maher-now-a-part-owner-of-new-york-mets | sport: baseball | route: article_single.us | Fred Wilpon and his Sterling Equities partners headed by brother-in-law Saul Katz completed his buyout of Doubleday on Aug. 23, 2002, ending what had become an acrimonious partnership. Daily Themed Crossword Introducing Minis Answers, Daily Themed Crossword Celebrating Women Answers, Daily Themed Crossword Around the World Answers, Daily Themed Crossword Culture Vulture Answers, Daily Themed Crossword Easy Peasy Answers, Daily Themed Crossword Halloween Minis Answers, Daily Themed Crossword Happy Holidays Answers, Daily Themed Crossword Mini Masters Answers, Daily Themed Crossword Musical Minis Answers, Daily Themd Crossword Musical Mondays Answers, Daily Themed Crossword Retro Saturdays Answers, Daily Themed Crossword Bibliophiles Minis Answers, Daily Themed Crossword Etched In Wax Answers, Daily Themed Crossword October 3 2021 Answers, Bill ___ part-owner of the New York Mets crossword clue, Daily Themed Crossword July 5 2022 Answers, Acronym for an oceanic device crossword clue, You're ___ talk! But Weiss turned 72 during the 1966 season and Grant looked for a younger man. For the Mets, Wilpon solved the problem with a lot of persuasion and a dose of private funding. 5 Durso, Joan Whitney Payson, 72, Mets Owner, Dies.. by Jessy Williamson | Oct 11, 2022 | Mets. Its no secret that Bill Maher is a huge Mets fan. To make up for the cut in prices, attendance would need to increase by over 500,000 to allow the owners to pay off what is owed on Citi field and interest on other debt. However, the majority of his wealth has come from his work as an actor and now as the host of HBOs Real Time with Bill Maher. It would have cost him around $20 million to acquire approximately 4% of the New York Mets Major League Baseball team in 2012. Order a New York Mets custom plate online Order by phone. Wilpon and Katz worked well together from the start as opposites in character. He started as a night clerk and worked his way up to being a managing partner in Fahnestock and Company while also serving on the board of the Mets.4 While Grant was a minority owner, Payson claimed that her investment was about 85 percent of the team.5 Grant served as the chairman of the board until he resigned in 1978. One reporter called the signing of manager Art Howe before the 2003 season as desperately chintzy.29 Howe was not a risk-taker and seemed to settle for not shaking anything up. During batting practice, the talk show host strolled onto the field wearing a Mets cap. either way, its clear that Bill Maher is a very happy Mets fan today. 31 Joel Sherman, Jeff: Amazins Dont Have Son Poisoning, New York Post , September 19, 2004. She also invested heavily in horse racing, owning a stable with her brother Jock.2. But that will change.24 One of those incidents involved Vince Coleman lighting a firecracker and throwing it into a group of fans. Shea Stadiums financial overruns affected how the city later dealt with the desire by the both Mets and Yankees for new stadiums.7. Got a confidential news tip? CBS Sports is a registered trademark of CBS Broadcasting Inc. Commissioner.com is a registered trademark of CBS Interactive Inc. site: media | arena: mlb | pageType: stories | New rules: Comedian Bill Maher now a part owner of New York Mets He is a proud supporter of his local team, the Toronto Blue Jays, and loves to explore the history and culture of the sport. Payson herself announced the name at the Savoy on May 8, 1961, indicating that the team would be known by the nickname Mets. That sale happened weeks after the Mets won their second World Series title following the surprise championship by the 1969 Miracle Mets. The sale values the franchise at more than $2.4 billion. { The new owners also worked out a deal under which they could sell back their shares in 2018 for their original cost plus 3 percent interest each year.33, In addition to the sale of the team, Wilpon and Katz cut salaries by over $50 million and shrank their workforce by 10 percent. But all three men are members of groups of investors that agreed to pay $20 million in 2012 for 4 percent stakes at a time when the Wilpons were facing a towering debt load of more than $500 million, including the $162 million they agreed to pay to put the Madoff nightmare behind them. Their World Series run in 2015 helped to raise revenue by nearly $25 million, allowing the Mets ownership to pay down some of their debt.28, After Wilpon became the sole majority owner, the Mets seemed to settle in to mediocrity. Contact SABR, https://sabr.org/sites/default/files/CitiField-NYMets-slider-20160913_0.jpg, /wp-content/uploads/2020/02/sabr_logo.png, amazinavenue.com/2014/10/13/689131/mets-shea-stadium, politico.com/states/new-york/albany/story/2012/03. Pobereyko's death was confirmed in a tweet by the Mexican Pacific winter. In the report, it was revealed that Maher had invested $20 million in the team in a deal that had a $719 million valuation. She has been a member of SABR since 1989 and chair of the Women in Baseball Committee since 1995. Fred Wilpon turns 84 on 22 November and Katz is 81.. Investors who bailed out the Mets in the wake of the Bernie Madoff scandal are about to make a killing now that billionaire Steve Cohen has taken over, The Post has learned. List of New York Mets owners and executives, National Baseball Hall of Fame and Museum, "Steve Cohen completes $2.4 billion purchase of New York Mets", "New York Mets GM Jared Porter fired for sending explicit texts, images to reporter", https://en.wikipedia.org/w/index.php?title=List_of_New_York_Mets_owners_and_executives&oldid=1139777673, Lists of Major League Baseball owners and executives, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0. Bret Saberhagen apologized to Mets fans and donated a days salary to charity after he shot a water gun full of bleach into a room full of reporters.25 The change Wilpon was talking about was replacing GM Al Harazin, who had taken over after Cashen resigned at the end of 1991. Bill Maher made $100 million selling the Mets. Keven Lerner, South Florida Sun-Sentinel 1 hr ago. (Mila Kunis / Donald Sutherland / Bill Murray), What the Apollo 8 crew was orbiting when astronaut Bill Anders took his iconic 11-Down photograph, What Bill Withers, Tyra Banks and Britney Spears's names have in common, Unwelcome sight on a bill or a clue to 16-, 34- and 41-Across. The relative stability in ownership for the Mets has not prevented them from experiencing incredible highs and lows during franchise history. Paysons interest in baseball came from her mother but it was not her only sporting interest. In a conversation with Jimmy Kimmel on Real Time in Feb. 2021, Maher revealed he got his check from the sale. Mail the completed form and your payment to: NYS DMV Custom Plates Unit P.O. Former Marlins minor leaguer Matt Pobereyko dies at 31 29 Jon Heyman, Mets Mediocrity Starts with Wilpon, newsday.com, October 25, 2002; Wilpon File. Unsigned players salaries are estimated based on the last three years of salary data: $700k for pre-arbitration, $2.3M for 1st-year arb, $4.17M for 2nd-year-arb, $5.98M for 3rd-year-arb, $7.36M for 4th-year-arb. Hes not going to sit by and allow things to just get worse.30, Jeff Wilpon also became increasingly involved in the club. The 42,000-seat Citi Field opened in 2009 with much of the funding coming from over $613 million in Citi Field bonds. New York Mets fans will welcome Bill Sullivan's second edition of Long Before the Miracle.the Making of the New York Mets, launched in December 2022. The New York Mets current payroll is estimated to be around $384 million. Mets owner Steve Cohen has now committed $806.2 million to nine players in free agency for . Whether you're looking for a Fitted Mets Hat or an Adjustable Snapback Mets Hat, New Era Cap has you covered. All of these measures were a one-time fix that would not correct long-term revenue issues. He enjoys expensive bourbon and cheap beer. Locally, Mets and Nets principal owners Fred Wilpon and Mikhail Prokhorov were once minority owners of their respective teams. Sign up for free newsletters and get more CNBC delivered to your inbox. Phoenix, AZ 85004 Their 1924 marriage at Christ Church was a huge social event uniting two oldtime wealthy families. This crossword clue Bill ___, part-owner of the New York Mets was discovered last seen in the October 3 2021 at the Daily Themed Crossword. Still, bailout investors now stand to divvy up payouts of roughly $60 million each, for a profit of $40 million, in just eight years, which no-one thought possible at the time, sources said. Weiss had been with the New York Yankees from 1932 to 1960 and been incredibly successful, as his election to the Baseball Hall of Fame in 1971 proved. Each would add two teams and the National League would take its ownership groups (New York and Houston) from the Continental League groups. In 1969, my first year as a Mets fan, the average 9-inning game was 2:28 long. From 1962 to the current day, the Metropolitans ownership has been fairly stable. Cohen became chief executive officer and hired former Mets general manager Sandy Alderson as team president in his first move. Of course, sources cautioned that any payments could be on hold until Cohen and the Mets finalize all sale details, includingmessy minor league ownership issues and the outstanding debt. Show up to Citi Field in style with your New York Mets Cap Over a game of cards the conversation shifted to what each of them would buy with their money, and Payson and Grant both wanted to buy the New York Giants. Talkin Mets with Mike Silva. Grant was born in Montreal, the son of Michael Grant, a professional hockey player. SAC agreed to pay a $900 million fine and forfeit another $900 million to the federal government, though $616 million that SAC companies had already agreed to pay to settle parallel actions by the U.S. Securities and Exchange Commission was to be deducted from the $1.8 billion. window.mc4wp = window.mc4wp || { The guys who bought in for $20 million are going to walk away very happy.. He even accused Commissioner Bud Selig and Major League Baseball of conspiring to keep team values low to lessen the amount that had to be borrowed.27. GM on October 29, when Alderson was hired. crossword clue, Neighbor of Homer on The Simpsons crossword clue, Alley-___ (basketball term) crossword clue, Irish playwright George Bernard ___ crossword clue, Board game that had its first Earth vs Space match in 1970 crossword clue, Air bubble in water or glass crossword clue, Japanese monarch for short crossword clue, ___ Auto (former Volkswagen slogan) crossword clue, East of Eden director Kazan crossword clue, Eldest Stark son on Game of Thrones crossword clue, Sport that was the first to be played on the moon by astronaut Alan Shepard crossword clue, Charley Weaver's Things Are Fine in Mount ___ crossword clue, Word before father or head crossword clue, Actor Franco from Now You See Me crossword clue, Ballpoint or fountain for two crossword clue. The New York native and lifelong Mets fan was a guest of team chief operating . Bill ___ part-owner [] Official New York Mets Website | MLB.com Because of the pandemic, the TV host stated he no longer worked for the ownership group. If the comedian Bill Maher had devised any of his trademark new rules to owning a baseball team, he did not reveal any on Sunday at Citi Field when he acknowledged that he had . Even MLB, which has dwindled in national ratings, got bigger deals from FOX and AT&T in their rights extensions. This is a very popular game developed by PlaySimple Games which are a well-known company for the creation of the best word puzzle games. William Shea - Wikipedia The Mets have won 16 of their past 25 games, including an 8-2 victory over the Nationals on Sunday, and are now just two games out of first place. Wilpon did not want to spend any money and even indicated he would walk away before having to spend too much. 34 Megdal, The Wilpon Group Buys Some Relief, but Not for the Mets or Their Fans.. The new majority owner, Cohen, has already made changes to the teams culture and direction. "This is a significant milestone in the history of this storied franchise," Cohen said in a statement. Flushing resource fair held by New York Immigration Coalition connects In the team's history (1962), the Mets have employed 12general managers (GMs). Despite their impressive start, the Mets have still a lot to do. Major League Baseball club owners and New York City Mayor Bill de Blasio approved of Steve Cohen's purchase of the New York Mets. LESLIE HEAPHY was elected to the SABR Board of Directors in 2010. 23 Steven Jacobetz, End of an Era, July 13, 2015, amazinave.com. Bill Maher buys minority stake in New York Mets - CBS News Bill ___ part-owner of the New York Mets crossword clue Einhorn wanted to become the majority owner with a $200 million investment, but Wilpon was not willing to relinquish his role as majority owner. This helped the owners keep their faith in George Weiss, who was trying to build a farm system. Market Realist is a registered trademark. Ambac emerged from bankruptcy in 2013 and the Wilpon group was able to weather the financial storm and hold on to the team.35, The situation for the Mets finally improved with the settlement of some litigation and the 2012 influx of cash. Jeff Wilpon and Saul Katz also bought one share apiece. (The owners ended up settling the lawsuit for $162 million.) You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. Its unclear what Maher plans to do with his windfall, but were sure hell find a way to put it to good use. Player (9) League Age Pos. Shea Stadium in the mid-1990s. 1 Dick Young, The Mets are Born: NL Votes to Return to NY in 1962, New York Daily News , October 18, 1960; Peter Bendix, The History of the American and National League, Part I, beyondtheboxscore.com/2008 , November 18, 2008; Mike Barry, Paysons Legacy, antonnews.com, May 18, 2012. We want to hear from you. He returned to Asst. NEW YORK -- Hedge fund manager Steve Cohen completed his $2.4 billion purchase of the New York Mets on Friday, ending the Wilpon family's control of the franchise after 34 mostly frustrating years. He graduated in 1958 and continued to be supportive of the university financially. According to some of those present, Paysons personal favorite was the Meadowlarks but the New York Metropolitans was chosen. Bill Maher admitted to acquiring a minority stake in the Mets in recent months. As chairwoman, de Roulet needed to learn the business to work with VP for business James K. Thomson and William Murray, treasurer and controller.13, Under de Roulets guidance, the Mets continued to struggle on and off the field. Payne Whitney had not only inherited money but added to his fortune with investments in banking, tobacco, railroads, mining, oil, and Greentree Stables. Plans were immediately underway to construct what was to be known as Flushing Meadows Stadium, but it would never be ready for the first season. They also eliminated a minor-league team and cut ticket prices to help boost falling attendance. New York Mets 2020 Payroll . From 1991 to 1996 the Mets had losing seasons again.23. New rules: Comedian Bill Maher now a part owner of New York Mets Television host and political comedian Bill Maher is a new limited partner with the Mets, CBSSports.com has learned. Sullivan wanted a second edition since he sought to omit no original or early Mets player from his book. (AP) NEW YORK - No joke: Bill Maher owns a stake in the New York Mets. The 56-year-old would not comment on whether he had purchased a full $20 million share or whether he had made contributions to the purchase. 8 Joseph Durso, Mrs. The glacial pace of baseball games we've seen in the last few years is a relatively recent development. Unfortunately for many of the bond holders between 2009 and 2014, the Mets attendance fell below projections by as much as 30 percent, meaning little revenue was gained. (Hed participated in the latter when he attended Yale.) By becoming the majority owner of the Mets, Wilpon was able to make good on his desire to replace the aging Shea Stadium. "The New York City Law Department has completed its legal review of the proposed sale of the Mets," de Blasio said in a statement. In New York, the Continental League found its potential owners in the citys old money. With the increase in salaries and a new GM, Sandy Alderson (who took over in 2010 from Omar Minaya), the Mets began a climb that resulted in their return to the 2015 World Series, which they lost to the Kansas City Royals. 'Good Cause Eviction' bill could be part of state budget Investing in the Wilpons got scary for a while there, so theyre thrilled to get paid out like this by one of their own, a source familiar with the teams financials said. From there a lifelong friendship and working relationship began. Coupled with the declining skills of Stengel, who was the oldest manager in the major leagues at the time, the Mets got off to a dismal start. The 1990s ended with Cashen returning as interim GM and Steve Phillips returning the Mets to the World Series in 2000, while serving as GM from 1998 to 2003. The Bill Shea Harlem Little League Friendship Field located in Marcus Garvey Park in Harlem, New York is a flagship Little League baseball field and the home of Harlem Little League. Tickets. New York Mets Hats & Caps - New Era Cap At that point he moved from a 5 percent owner to 50 percent.16, Like the Paysons before him, Nelson Doubleday had an extensive pedigree. The Mets have started the season well in Cohens ownership, having won three out of four games. (sarcastic remark): 2 wds. Fred Wilpon bought the remaining stock through his two companies, Sterling Investments and City Investment Corporation. Mayor Bill de Blasio's office notified the Mets and . Ron Darling and Tim Teufel, for example, got into a scuffle with Houston police after a long night of partying. Steve Cohen (businessman) - Wikipedia Bill Maher, the comedian and HBO host, revealed last night at Citi Field that he is a minority owner of the Mets.. What the Mets ownership was really doing was transferring some of their debt from the team to the sports network. Part of the issue was the value of the team determined by the assessor, Robert Starkey. But the team is now worth closer to four times that amount thanks to Cohens deal to purchase a 95 percent stake for $2.4 billion. By 2004 he was running the minor-league Brooklyn Cyclones and serving as vice president for Sterling Equities. If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER. [3] He is the founder of hedge fund Point72 Asset Management and now-closed S.A.C. 33 Richard Sandomir, Mets Seeking Banks Help With Heavy Debt, New York Times , October 5, 2012; Brian Costa, Meet the Mets (Minority Owners): Bob Pittman and Kenneth Lever, Wall Street Journal , March 20, 2012; Mike Ozanian, Mets Prove Bill Maher and Steve Cohen Are Better Investors Than David Einhorn, Forbes.com, October 10, 2015; Adam Rubin, Bill Maher Owns Stake in Mets, http://espn.go.com/new-york/mlb/story, June 4, 2012; Richard Sandomir, Deal to Sell Piece of Mets to Einhorn Falls Apart, New York Times , September 1, 2011; Howard Megdal, The Wilpon Group Buys Some Relief, but Not for the Mets or Their Fans, politico.com/states/new-york/albany/story/2012/03, March 20, 2012; Steve Eder, Richard Sandomir, and Alison Leigh Cowan, A Mets Owner and Claims of Consumer Fraud, New York Times, December 2, 2012. Two of his HBO comedy specials have been nominated for Emmy Awards, for which he is a nominee. Cohens acquisitions of Zack Wheeler, Jeurys Familia, and Noah Synderweg, among other things, have aided the teams excellent start. Saul Katz and Fred Wilpon agreed to pay $162 million in restitution to Madoff's victims in 2012. This is a significant return on investment for Maher, who purchased a minority stake in the team back in 2012 for $20 million. I was stting in my pants like Ive never st in my pants. There has never been a no-hitter in the history of the United States. On Sunday, a stand-up comedian and political satirist performed at Citi Field. The Polo Grounds had stood on the banks of the Harlem, and its water represented the lost Giants, while the canal ran through Brooklyn near an early field of the Dodgers. The league would have eight teams, including a New York entry, and would be led by Branch Rickey. (NATIONAL BASEBALL HALL OF FAME LIBRARY), In 2002 Wilpon finally bought out Doubleday for $135 million and became the single principal owner of the Mets, a position he has maintained as of 2017. Wilpon sued, and the sides then settled. Two World Series brought the Mets to the highest honor in baseball while they began with the worst record in ML history in 1962. Cohen's transaction is now officially the most expensive purchase of a North American sports franchise, beating out David Tepper's $2.2 billion acquisition of the Carolina Panthers in 2018. All Shea and Moses had to do was convince others that the idea could become a reality. McCann said he bought the share because he was a family friend of Fred Wilpon and a lifelong Mets fan. Shea had been a financial boondoggle for the city. "The 2021 season is right around the corner and we've got a lot of work to do, so I'm excited to get started.''. There [were] capital calls when theyre losing money, and we didnt play baseball for a hundred games, and then when we did, we werent selling hot dogs. Hes been a fan of the team since he was a kid, and hes been a season ticket holder for many years. Before OutKick, he wrote for Sports Illustrated and The Big Lead. The publisher Doubleday & Co. bought the Mets on Jan. 24, 1980, from the family of founding owner Joan Payson for $21.1 million, with the company owning 95% of the team and Fred Wilpon controlling 5%.
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