This team from Queens has twice been crowned king of baseball. Sterling Mets owns and operates the New York Mets professional baseball franchise, which joined Major League Baseball as an expansion club in 1962. After losing a record 120 games in its first season, the team earned the nickname "the Miracle Mets" when it toppled the Baltimore Orioles for the franchise's first World Series title in 1969. A second championship came in 1986 over the Boston Red Sox. The Mets faced the New York Yankees in the 2000 "Subway Series" but lost to the Bronx Bombers. CEO Fred Wilpon has controlled the Mets since 2002.
The franchise moved from Shea Stadium to the brand new 42,000-seat Citi Field in 2009. Citigroup agreed to pony up about $20 million per year for 20 years to attach its name to the facility.
In addition to baseball, Sterling Mets has an interest in regional cable broadcasting. Affiliated company Sterling Entertainment Enterprises operates SportsNet New York as a joint venture with cable operators Comcast and Time Warner.
Heirs of original owner Joan Payson sold the Mets to publisher Doubleday & Co. in 1980 and Wilpon was installed as president of the club. He and partner Nelson Doubleday acquired the team after German media concern Bertelsmann bought the publishing business in 1986. Doubleday later sold his stake to Wilpon in a deal that valued the team at about $390 million.