Martin Luther King III Looking to Buy Mets: Report

NY Post Reports King is seeking half ownership in the team

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    WASHINGTON - JANUARY 18: Martin Luther King III speaks in front of the Lincoln Memorial during the "We Are One: The Obama Inaugural Celebration At The Lincoln Memorial" on January 18, 2009 at the National Mall in Washington, DC. The event includes a diverse array of talent featuring both musical performances and historical readings and an appearance by U.S. President-elect Barack Obama. (Photo by Justin Sullivan/Getty Images)

    Martin Luther King III is reportedly looking to buy a stake in the Mets.

    The son of the late civil rights leader has joined with former Met Ed Kranepool and  other investors to explore the idea of purchasing at least a 50 percent share in  the team, according to the New York Post.

    King is aligned with several entreprenuers, including Donn Clendenon Jr., son of  the 1969 Mets World Series MVP, and TV executive Larry Meli, according to Post  columnist Kevin Kernan.

    If successful, the 53-year-old King would be Major League Baseball's first  African-American owner.  He currently runs the King Center for Nonviolent Social Change in Atlanta.

    "It's fitting with the legacy of Jackie Robinson essentially transferring to the  Mets, what better place to have African-American ownership than with the Mets?"  Meli told the Post.

    King is supposed to set up a meeting this week with Mets owners Fred and Jeff   Wilpon, who said Friday they may sell up to 25 percent of the team to settle claims  from the Bernie Madoff scheme.  A trustee for Madoff victims is suing the Wilpons  to recover millions of dollars in gains from their investments with the Ponzi schemer.

    Forbes magazine in April valued the Mets at $858 million.