Why own a baseball team? Curbed gets it. The bold is mine.
These changes would directly benefit Fred Wilpon and Saul Katz, the owners of the Mets. Their company, Sterling Equities, was chosen by both Bloomberg and de Blasio to head up the redevelopment of the neighborhood, along with Related Companies. However, Wilpon and Katz are now in negotiations to sell a majority share of the Mets to billionaire Steve Cohen, in a $2.6 billion deal which could throw in the right to develop Willets Point as a “sweetener.”
“I mean, these are billionaires we are talking about. These are the games billionaires play with each other. And the small guys, the taxpayers, wind up footing the bill for it,” Gerald Antonacci, a local business owner, said in the 2017 documentary film The Iron Triangle. “
