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.
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.
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