Mets Fans Beware, Private Equity-Owned Teams Lose on the Field

Long-suffering Mets fans who yearn for the end of the nearly two-decade, often-controversial Wilpon ownership era got welcome news this week.

Harris Blitzer Sports & Entertainment, led by Apollo Global Management Inc. co-founder Josh Harris and Blackstone Group Inc. executive David Blitzer, is preparing a bid to take control of New York’s second-favorite baseball team.

But here’s a disheartening fact: Harris Blitzer’s won-loss record is just 41% with its two other major U.S. sports teams: the Philadelphia 76ers of the National Basketball Association and the National Hockey League’s New Jersey Devils. That’s actually lower than the Mets’ 49% winning ...