January 31, 2011
The New York Mets announced on Friday that the team is seeking investors to come in as minority partners. A few groups of interested parties have already surfaced and one is headed by Martin Luther King III, son of the late civil-rights leader, according to MLB.com.
There are currently no African-American team owners in Major League Baseball and King would like to change that.
"I believe in the merit and American value of creating an example," King told the Atlanta Journal-Constitution in a statement, "and if I personally, or as part of a collective, can advance the vision of a more diverse ownership group in professional sports, domestically or internationally, then, like my father, I am prepared to act in that spirit."
Former Mets first baseman Ed Kranepool and Donn Clendenon Jr., whose father was the MVP of the 1969 World Series, are also in King's group, MLB.com reports. The Journal-Constitution notes that King will be heading to New York this week to meet with the team.
Other potential investors MLB.com lists are Mike Repole, a Queens native who attained multi-billionaire status in the beverage and restaurant industries, and Martin Silver of Long Island, an entrepreneur and owner of a major brand of vodka.