Comments on: My Outrage Goes Beyond Baseball http://metsmerizedonline.com/2011/12/my-outrage-goes-beyond-baseball.html Mon, 20 May 2013 15:54:57 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Joe D http://metsmerizedonline.com/2011/12/my-outrage-goes-beyond-baseball.html#comment-211774 Joe D Sat, 17 Dec 2011 16:49:24 +0000 http://metsmerizedonline.com/?p=67856#comment-211774 I absolutely remember that. In fact I remember it so distinctly because it was the only time you ever asked me for permission to post something.

You said the Wilpons profited on Madoff Ponzi scheme which had never been reported prior to that. The only reports at the time was that the Wilpons were victims, but only lost a little money or possibly broke even.

Your Mets source also told you that the feds were going to go after the Wilpons for that money.

Your Mets source also told you that Jason Bay would be the last significant free agent the team will ever sign for the immediate future and that spending was over.

Your Mets source gave you some hot info that ended up exploding a month later all over ESPN, SI.Com, etc.

You talked about a coming firestorm based on your Mets source and were very reluctant to post it, but I thought that you should if you really trusted and believed your source.

You were very concerned about how our readers would receive it some scoffed at it and some accepted it.

Coop said: However, “not willing” and “not able” to spend are two entirely different things, and I’m a little disappointed that MMO is going the schlock route with this whole thing.

Lifelongmetsfan wrote: un-named source, “.. very close to a member of the Met organization.” FYI when your standing in line at the grocery store and begin chit-chating with the woman in line ahead of you…That’s not exactly news. What is this the Washington Post? Who is the real Met deep-throat I wonder….. Hmmmmmm? Who the F! cares?!!

I then defended you and wrote this:

As all of you know, this site does not and has never quoted a source and posted it. There are plenty of other Mets sites that do that, and I would rather debate Mets news than make Mets news.

Joe Spector is a standup guy, and I can vouch for his integrity. I also know he has a connection to this Mets source who is a well known name that all of you would know. When someone tells you something in confidence like this person did, it’s only right to respect his anonymity. If you choose not to believe us that’s your choice. But I never would have allowed this post if I personally wasn’t aware that this discussion took place. It happened.

All reputable media people have unnamed sources from which they report most of their trade rumors, news, etc.. If they started revealing their identities than 99% of what you love to read wouldn’t exist because a valuable trust had been broken.

But the best comment on that post was from Alex!

ppl, let’s see, we blame the owners right, and want them to sell the team, if there’s something i’ll blame them is for hiring a.group of inept to run the franchize, starting with the gm and his buddies, 2 managers who seemed to not know the game, the wilpons have given minaya 150 for 3 straight years,.all we got is 1 playoff app

As for martin, he somehow managed not to comment on that post, but he terrorized Annie for it every time she posted on the the financial mess.

]]> By: Lifelongmetsfan http://metsmerizedonline.com/2011/12/my-outrage-goes-beyond-baseball.html#comment-211752 Lifelongmetsfan Sat, 17 Dec 2011 13:55:37 +0000 http://metsmerizedonline.com/?p=67856#comment-211752 CitiBank must of said “no.”

]]> By: Moose http://metsmerizedonline.com/2011/12/my-outrage-goes-beyond-baseball.html#comment-211720 Moose Sat, 17 Dec 2011 04:52:25 +0000 http://metsmerizedonline.com/?p=67856#comment-211720 Let someone like Trump buy the Mets. The Wilpons don’t give a F> about the Mets any more the just like the Ideal of being able to say I’m a MLB team owner along with Bernie and company. Why don’t they just Move the Team to Vegas for a Crap Shoot with the mob influence.Oh thats what Bug is for to twist arms Oh no that only goes on in Congress and Washington.

]]> By: Ken Tomlin http://metsmerizedonline.com/2011/12/my-outrage-goes-beyond-baseball.html#comment-211719 Ken Tomlin Sat, 17 Dec 2011 04:32:21 +0000 http://metsmerizedonline.com/?p=67856#comment-211719 Thank you Mike, that answers my question. That’s a lot of money in addition to all the other revenue you mentioned. If they are losing $70 million after all that revenue, then basically the principle and interest payments on Citi Field must be out of this stratosphere. Anybody know what percent of the nearly one billion was financed?

]]> By: Ken Tomlin http://metsmerizedonline.com/2011/12/my-outrage-goes-beyond-baseball.html#comment-211716 Ken Tomlin Sat, 17 Dec 2011 04:16:47 +0000 http://metsmerizedonline.com/?p=67856#comment-211716 You’re right, banks are in the business of lending money. But they also must ensure the loans are made to those that do not pose a risk for non-payment as well. When this news first came out, I read that this bridge loan had to be approved by Bud Selig. Why? Did Selig offer the bank assurances or guarantee the loan in case of default? Considering the team’s bad creditworthiness, there must be more to this than what’s being reported.

]]> By: Ken Tomlin http://metsmerizedonline.com/2011/12/my-outrage-goes-beyond-baseball.html#comment-211715 Ken Tomlin Sat, 17 Dec 2011 04:09:43 +0000 http://metsmerizedonline.com/?p=67856#comment-211715 Sorry for jumping in, but this is an interesting debate you have going on here. The 78mil figure you quote, is that the Wilpons’ third-share or the total SNY revenue?

]]> By: stick http://metsmerizedonline.com/2011/12/my-outrage-goes-beyond-baseball.html#comment-211714 stick Sat, 17 Dec 2011 04:08:52 +0000 http://metsmerizedonline.com/?p=67856#comment-211714 what he said.

]]> By: Des http://metsmerizedonline.com/2011/12/my-outrage-goes-beyond-baseball.html#comment-211713 Des Sat, 17 Dec 2011 04:08:49 +0000 http://metsmerizedonline.com/?p=67856#comment-211713 I think it’s the same Martin, the guy who represented himself as an 11 year old, originally and used to comment about his hot date on a Saturday night. I had a lot of fun with him. He’s quite bright and very acerbic at times. But he’s also funny and occasionally drives people nuts. He should be at least 13 years old now. lol.

]]> By: NJstuckinTX http://metsmerizedonline.com/2011/12/my-outrage-goes-beyond-baseball.html#comment-211708 NJstuckinTX Sat, 17 Dec 2011 03:28:28 +0000 http://metsmerizedonline.com/?p=67856#comment-211708 The Wilpons love the “Wilpon Mets”. The idea that the Mets are above the Wilpons is false. They’ll drive this team into the ground before they sell on some moral level about the good of the institution.

]]> By: Moose http://metsmerizedonline.com/2011/12/my-outrage-goes-beyond-baseball.html#comment-211707 Moose Sat, 17 Dec 2011 03:26:35 +0000 http://metsmerizedonline.com/?p=67856#comment-211707 If the Wilpons truly love there Mets and are not just self center owners would just for the good of the Mets Sell majority share of the Mets. Then they can still save face by doing so. But at this time it appears that its the Good old boy system going on with the Wilpons and Bud Selig. He is greasing the wheel to help the Wilpons or turning a blind eye to there Money problems.

Lets get an owner who will help the Mets become the Mets of Old and not the Laughing Stock of New York and third class team behind them Dam Yankees :P . Lets do the best thing for the Mets 50th year. Go Mets.

]]> By: Joe Spector http://metsmerizedonline.com/2011/12/my-outrage-goes-beyond-baseball.html#comment-211706 Joe Spector Sat, 17 Dec 2011 03:26:27 +0000 http://metsmerizedonline.com/?p=67856#comment-211706 Hey Joe, you remember when I wrote about Madoff before he became so synonomous to the Mets? Even some of the writers on here, who by the way I’m still quite friendly with, pretty much said I was making a mountain out of a molehill and if I remember correctly Martin, if it’s the same Martin I’m thinking of, said none of this interested him. The debt the Wilpons have and if it’s added to by Picard, could force the sale of the team.

]]> By: Mike Lloyd http://metsmerizedonline.com/2011/12/my-outrage-goes-beyond-baseball.html#comment-211717 Mike Lloyd Sat, 17 Dec 2011 03:25:44 +0000 http://metsmerizedonline.com/?p=67856#comment-211717 My understandimg is that is what SNY pays for the rights to the nymets as a seperate entity. Obviously, it is all profit for the Wilpons, their SNY Financiers and themselves, but that 78 mil. is what has been reported as the yearly paymemt for Met tv rights…

]]> By: stick http://metsmerizedonline.com/2011/12/my-outrage-goes-beyond-baseball.html#comment-211704 stick Sat, 17 Dec 2011 03:16:24 +0000 http://metsmerizedonline.com/?p=67856#comment-211704 agreed. banks lend money like this when they are going to get it back, or have collateral safe enough that they don’t care.

The end game does seem that the owners will have to sell, but none of us know enough about the true financial picture to know if they are going to walk away with anything but debts.

]]> By: NJstuckinTX http://metsmerizedonline.com/2011/12/my-outrage-goes-beyond-baseball.html#comment-211697 NJstuckinTX Sat, 17 Dec 2011 02:32:15 +0000 http://metsmerizedonline.com/?p=67856#comment-211697 Joe, BofA is in the business of lending money. If they stopped doing that, wouldn’t that in effect cause them to have a negative cash flow, in effect stopping what the bailout was supposed to do? Yes, I know this becomes a very tangeled web, but I see no reason for being appalled at a bank lending money. There’s no way a NY franchise goes insolvent. Probably a very safe investment, actually. The creditors will get theirs when the club is sold, hopefully sooner than later.

]]> By: martin http://metsmerizedonline.com/2011/12/my-outrage-goes-beyond-baseball.html#comment-211671 martin Sat, 17 Dec 2011 01:30:30 +0000 http://metsmerizedonline.com/?p=67856#comment-211671 my understanding is that sny is actually quite profitable, but joe probably has copies of their financials. anyways, all big market teams aspire to have their own networks. its how you really start making big money.

anyways, the mets will be fine, with money or without, as money is not required for wins. smart management is. if they had a ton of money and omar as GM they would be worse off.

and as for those financial institutions who choose to loan money to the mets, good luck to them, it is none of my concern. they might make a profit. i hope the government never has to bail them out with our money, but that is not really a baseball issue at all.

we all know madoff hurt the mets pretty bad. sucks. no reyes, no pujols, no beltran. but that is ok. thats the way the game works, you cant sign every free agent. build from within, make smart decisions and you can win without bringing in folks like carls pavano and crawford.

]]> By: Mets2012 http://metsmerizedonline.com/2011/12/my-outrage-goes-beyond-baseball.html#comment-211668 Mets2012 Sat, 17 Dec 2011 01:25:50 +0000 http://metsmerizedonline.com/?p=67856#comment-211668 I didn’t know that Joe is a comedian.

]]> By: calimetsfan http://metsmerizedonline.com/2011/12/my-outrage-goes-beyond-baseball.html#comment-211667 calimetsfan Sat, 17 Dec 2011 01:14:34 +0000 http://metsmerizedonline.com/?p=67856#comment-211667 Hey Joe which MLB team do you own? And which bank do you manage?

]]> By: Des http://metsmerizedonline.com/2011/12/my-outrage-goes-beyond-baseball.html#comment-211666 Des Sat, 17 Dec 2011 01:13:35 +0000 http://metsmerizedonline.com/?p=67856#comment-211666 Thanks for the offer Joe. Our locations would likely make it difficult but the camaraderie would be great and much appreciated. Yup, weeks not days would be needed. lol.

]]> By: Mike Lloyd http://metsmerizedonline.com/2011/12/my-outrage-goes-beyond-baseball.html#comment-211691 Mike Lloyd Sat, 17 Dec 2011 01:12:43 +0000 http://metsmerizedonline.com/?p=67856#comment-211691 The funny thing is Joe D., and by the way I hope your well, if the Mets are losing so much scratch, explain this to me; The local Tv contract with SNY nets the team 78 million; the local radio rights approx. 4 mil. This is 82 mil each season. The 20 mil. In stadium rights,With ad money, National radio and TV rights, revenue generated by stadium
advertising; and revenue from luxury boxes, all seating, food and concessions, MLB Properties, all these revenues, even with all the minor leagues payroll all of major league, the revenue generated has to be near or above 250 million how can this team be losing 70 mil., unless the Wilpon s are pulling money out of this franchise…yes or no? Selig should be impeached by the other owners and removed for helping these thieving buffoons get away with trying to ‘cook’ the books to show a 70 mil. loss. It s reprehensible and sad…therein lies a story unto itself. Until they sell, or are removed I see no hope of this improving. None.

]]> By: Joe D http://metsmerizedonline.com/2011/12/my-outrage-goes-beyond-baseball.html#comment-211665 Joe D Sat, 17 Dec 2011 01:11:44 +0000 http://metsmerizedonline.com/?p=67856#comment-211665 Oh I absolutely blame the gov too.

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