Bill Maher Buys Minority Stake in New York Mets

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on June 04 2012 1:03 PM
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Comedian Bill Maher revealed on Sunday that he bought a minority stake in the New York Mets a few months ago.

Maher, who hosts Real Time With Bill Maher on HBO, is a lifelong Mets fan and couldn't pass up an opportunity to buy a stake in the team he loves. He wouldn't reveal how big of an investment he made into the team but said he'll mainly be a good luck charm for the organization rather than be a hands-on minority owner.

Look, I have enough stress in my real job. I don't need to worry about that. I'm just a fan, Maher told the Associated Press. I think my role is to bring luck to the team, like I did this weekend. I mean, let's be honest: They did not have a no-hitter for 50 years, I buy in and I come to town and there's a no-hitter. Draw your own conclusions.

Mets pitcher Johan Santana pitched the first no-hitter in Mets history on Friday night while Maher was in New York City.

It's doubtful that Maher bought a huge stake in the Mets, but the team can use every dollar it can get its hands on. The team's primary owners, Fred Wilpon and Saul Katz, have dealt with money woes after heavily investing in Bernie Madoff's Ponzi scheme.

The owners were close to selling a minority stake to hedge fund manager David Einhorn last May for $200 million, but later announced they would instead focus on selling limited partner shares for $20 million apiece.

Maher is likely one of 12 limited partners that bought into the organization, according to the Associated Press 

I think it's a great investment, Maher said. I just thought it would be a great place, especially after I've seen some of the ways money can disappear in recent years. I had my money in Lehman Brothers in 2008.

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