Biography
Wilpon bought a one-percent stake in the Mets in 1980, when Charles Shipman Payson sold the team, with Doubleday & Co. holding the remaining interest. In 1986, Doubleday president Nelson Doubleday, Jr. sold off his company, and he and Wilpon each bought a 50 percent stake in the Mets to become full partners. In 2002, the Wilpon Family purchased the remaining 50% of the Mets from Doubleday for $135 million.
Wilpon served as president of the team between 1980 to 2002, as Chief Executive Officer since 1980 and as Chairman of the Board since 2003. Wilpon currently serves as Chairman of Sterling Equities. His son, Jeff, is the COO of the Mets and executive vice president of Sterling.
Wilpon is a 1958 graduate of the University of Michigan.
Read more about this topic: Fred Wilpon
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