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New York Mets Funding, Investors & Competitors
Discover New York Mets funding history, investors and competitors like Suning Sports, Smith Entertainment Group, Philadelphia Phillies and NZ Rugby.
Last New York Mets funding round
Strategic investment
Amount undisclosed · Mar 2012
New York Mets revenue
$225M
Strategic investment · Mar 2012
Key investors in New York Mets
Bill Maher
SportsNet New York
New York Mets Overview
About New York Mets
New York Mets is a Major League Baseball franchise based in the New York City borough of Queens that competes in the National League East Division. The club was founded in 1962 as one of baseball's first expansion teams, created to replace the departed Brooklyn Dodgers and New York Giants, and its blue and orange colours evoke those two clubs. After playing at the Polo Grounds in 1962 and 1963 and at Shea Stadium from 1964 to 2008, the Mets have played at Citi Field since 2009. The team has reached the postseason eleven times, winning the World Series in 1969 and 1986, five National League pennants, most recently in 2000 and 2015, and six division titles. Hedge fund manager Steve Cohen became majority owner on October 30, 2020, buying 95% of the club from the Wilpon family for $2.4 billion, with the Wilpons keeping the remaining 5%. Forbes valued the franchise at $3.2 billion in 2025, the sixth most valuable MLB team. Under Cohen the Mets have spent heavily on players, including a three-year, $130 million contract for pitcher Max Scherzer in 2021.
New York Mets Revenue
New York Mets' latest recorded revenue is $225M, as of its strategic investment round in March 2012.
New York Mets revenue by funding round
| Date | Revenue * | Stage |
|---|---|---|
| Mar 2012 | $225M | Strategic investment |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
New York Mets Funding History
New York Mets has raised 1 funding round.
| Date | Stage | Investors | Deal Summary |
|---|---|---|---|
| Mar 2012 | Strategic investment | SportsNet New York; Bill Maher | The owners of the New York Mets, Fred Wilpon, Saul Katz and their families, said in March 2012 that they had raised $240 million by selling 12 minority shares in the club, each costing $20 million and representing about 4% of the team. The sale followed the collapse in September 2011 of a deal for the hedge fund manager David Einhorn to buy a large minority stake, and the money was used to shore up the club's finances after the owners' losses in the Bernard Madoff fraud and a trustee's lawsuit against them. Four of the shares were bought by SportsNet New York, the Mets' regional sports network, with funding from its cable partners Time Warner Cable and Comcast. The comedian Bill Maher later confirmed that he had bought one of the shares, and most other investors were not named. The owners kept control of the club. The Mets, founded in 1962, play at Citi Field in Queens and won the World Series in 1969 and 1986. The Wilpon and Katz families sold 95% of the club to Steve Cohen in 2020 at a valuation of about $2.4 billion. |
Who has invested in New York Mets?
2 investors have backed New York Mets across its funding rounds, including Bill Maher and SportsNet New York.
New York Mets Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialNew York Mets Competitors
New York Mets competitors include listed companies like Atlanta Braves Holdings and Manchester United, and private ones like Suning Sports, Smith Entertainment Group, Philadelphia Phillies and NZ Rugby.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2.6B | - | ||
| Private | - | - | $2.3B | - | ||
| Private | $519M | $9M | $3B | 5.8x | ||
| Private | $127M | - | $2.1B | 16.9x | ||
| Publicly listed | $732M | $98M | $3.4B | 5.4x | ||
| Publicly listed | $897M | $317M | $3.5B | 4.7x |
New York Mets Public Comps
New York Mets is still privately-owned, but its public comps include Atlanta Braves Holdings, Manchester United, Sportradar, Juventus FC, Ollamani, Cannae Holdings, Borussia Dortmund, Fenerbahce SK, Olympique Lyon and Parken Sport.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $732M | $98M | 5.7x | 5.4x | 42.8x | 66.4x | |||
| $897M | $317M | 4.9x | 4.7x | 13.8x | 15.1x | |||
| $1.4B | $597M | 2.4x | 2.1x | 5.8x | 8.9x | |||
| $586M | $121M | 2.0x | 2.2x | 9.8x | 10.3x | |||
| $357M | $37M | 2.2x | 1.9x | 21.7x | 11.5x | |||
| $424M | ($162M) | 1.8x | 1.9x | (4.7x) | (12.4x) | |||
| $517M | $108M | 0.8x | 0.7x | 3.6x | 3.4x | |||
| $174M | $17M | 2.1x | - | 21.3x | - | |||
This data is available for Pro users. Sign up to see all New York Mets competitors and their valuation data. Start Free Trial | ||||||||
Common questions about New York Mets
| When was New York Mets founded? | New York Mets was founded in 1962. |
| Where is New York Mets headquartered? | New York Mets is headquartered in New York City, NY, United States. |
| Is New York Mets publicly listed? | No, New York Mets is a private, VC-backed company. |
| What was New York Mets' last funding round? | New York Mets' last funding round was a strategic investment round in March 2012. |
| Who are New York Mets' investors? | New York Mets' investors include SportsNet New York and Bill Maher. |
| What is New York Mets' revenue? | New York Mets' latest recorded revenue is $225M (March 2012). |
| Which companies are comparable to New York Mets? | Companies comparable to New York Mets include Suning Sports, Smith Entertainment Group, Philadelphia Phillies, NZ Rugby, Atlanta Braves Holdings and Manchester United. |
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