Brief: Sheldon Adelson Is Mystery Bidder For New York Mets

Casino mogul Sheldon Adelson has been revealed to be the supposed mysterious bidder looking to acquire baseball franchise New York Mets. His identity as the mystery bidder was first reported by the New York Post. The New York Mets is known to be in line for a sale, with acquisition interest from bidders including hedge fund legend Steve Cohen and a group spearheaded by baseball legend Alex Rodriguez (A-Rod).

The possible price for the New York Mets is said to be in the $2 billion range and Adelson, who is worth about $29 billion according to the Bloomberg Billionaires Index, can apparently very much afford that. Adelson is also reported to have backing from Silver Lake Partners, a $43 billion private equity firm, and a group led by private equity titans Josh Harris and David Blitzer, so money doesn't seem to be an object here.

Sheldon Adelson.

Hedge fund manager Steve Cohen, who is personally worth about $10 billion according to the Bloomberg Billionaires Index, previously placed a bid to acquire the New York Mets in a $2.6 billion deal but backed down after some time. He's, however, still bidding for the team but with a reduced price range.


Photo credit (1): Wally Gobetz on Flickr
Photo credit (2): East Coast Gambler, under Creative Commons license