"SNY's exploration of a possible sale, supported by eager investors, coincides with the Mets' strong performance, indicating a strategic and opportunistic financial move."
"Moelis & Co. has been engaged to seek potential buyers for SNY, with expectations of high interest from diverse investors, including media firms and sports team owners."
SNY, the broadcast home for the Mets, is in the early stages of exploring a possible sale. The network has hired Moelis & Co. to solicit interest from potential investors, which is expected to be substantial. This exploration comes during a successful season for the Mets, following a significant offseason acquisition. The Wilpon and Katz families, current controlling owners, retained SNY even as they sold the Mets to Steve Cohen. The network covers various regional sports and has a partnership with the Mets continuing until 2035, making the sale both timely and strategic.
Read at New York Post
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