News broke around noon on Friday afternoon that New York Mets ownership is looking for a partner to sell a 20-25% minority stake in the team. The Wilpons have been involved in an ongoing lawsuit regarding the Bernie Madoff scandal, which is the main reason for this endeavor. Steve Greenberg, financial advisor for the New York Mets, is a key player in addressing the situation, as well as finding the best match for the organization. It has been stated that the partnership is specifically in effect for the assets of the team, NOT the stadium or SNY. The Wilpons will consider all of their options as they try to put their franchise in the best of situations going forward.

I will continue to cover this story as news unfolds. The timetable for this process has been deemed unknown.