Comments on: Losing Einhorn Is Not The End of the World

By: baby al

baby al — Thu, 01 Sep 2011 23:25:43 +0000

defending the wilponzie mob is not my wont. they are craven cheaters and liars. the people who say they can ride out the storm and remain owners donot have a clue about the real issue.the wilponzie mob should be degraded for their running of a ny baseball club into a second class,small market, 3 division title team of loozers!whether they can keep the team is NOT THE ISSUE. the issue is that, like any other mob boss, freddye wilponzie should be called out or at least exposed for the ponzie loving,money hungry mob boss he is. einhorn found out what i have said all along…. freddye wilponzie ONLY lies when his lips move.he is as honorable as any other big time mob boss.so einhorn go back to your buddy dud selig …he will find another team for you to buy.before you come to the scene again get rid of the rat fur on your head and spend some of your monies on HAIR PLUGS, pardner!

By: any

any — Thu, 01 Sep 2011 20:38:48 +0000

and we shall find out soon enough where equilibrium is between payroll and attendance.

And if the Wilpons are willing to ride out some bottoming and rebuilding years. Other teams have done it.

certainly seems clear that last resort is for them to sell out.

If you look at the “real” payroll on the field, if Johan comes back useful, even at 100 (let alone 110) then can have a much better team than the 140 or so they were laying out this year (counting all the dead wood).

100mill is still well above (as in 2x) the Pirate, marlin, KC levels.

By: SaltyGary

SaltyGary — Thu, 01 Sep 2011 20:32:28 +0000

But that is the problem. They needed a loan late last year to cover bills and their loss’s have increased since then. Next step is to drastically reduce payroll which would not improve the attendance outlook. The lowest they can get payroll is $70m. Everything is trending down for the Wilpon’s and unfortunately for them the masterful front office simply needs more time to right the ship.

By: any

any — Thu, 01 Sep 2011 20:04:57 +0000

well, the debt load isn’t as important as the cash flow position. They could easily have a net negative position (owe more than it is worth) but as long as they can make the monthly payments, no problem staying in business!

By: any

any — Thu, 01 Sep 2011 20:02:54 +0000

when they start bouncing checks like the Dodgers, then they got a problem!

By: SaltyGary

SaltyGary — Thu, 01 Sep 2011 20:01:00 +0000

Currently the Mets have a loan out to JP Morgan for 430M. They also have to pay 30m in interest payments plus 50m a year to cover the bonds that funded the stadium. What is considered the total debt by the start of the season is $850 which is probably close to what the team is worth. Add the 25m loan to MLB. Add a minimum of 300m to give back in fictitious profits and maybe more (which we won’t know that the decision will be until 03/2012). Add in what will easily be 50m in loss based on attendance (50m was last years figure and attendance has slid over 200k since then). The team is seriously underwater and the final total will not be until spring training at the earliest. The end is near for the Wilpon’s.