Blue Skies, Smiling At Me
Who’d have thought it? Certainly not Fred Wilpon. But Frank McCourt is about to be his salvation. For if the Dodgers wind up selling for $2 billion or more, the value of the Mets, a signature franchise in their own right, in the country’s largest media market with their own network and new stadium, despite their present hard times, have to be worth close to $3 billion. “What that means,” said the insider, “is that the Wilpons can now go back to their banks, point to the value of the team, and say: ‘Lend us more money.’” Yes, thanks to Frank McCourt’s multi-million dollar divorce, which set in motion this ironic sequence of events, Wilpon is about to have more collateral than he ever dreamed of.
One person who obviously understands what the record-shattering Dodger sale will mean for the Mets — if only because he’s been one of the driving forces in it — is Steve Cohen, the Connecticut-based billionaire founder of SAC Capital Advisors investment firm. It was revealed last week that Cohen was in place to be one of the limited investors in the Mets, spending $20 million for one of 10 shares being offered for sale by the cash-strapped Wilpons in order to enable them to pay down some $65 million in loans. In doing so, you could say Cohen is hedging his bets. In either case, it’s a win-win for him. If he gets the Dodgers, it’s obviously a huge win, but if he doesn’t, his $20 million investment in the Mets figures to be worth a whole lot more with the re-evaluation of the team’s value in the wake of the final Dodger price tag. ~ Bill Madden, Daily News
Blue skies smiling at me.
Nothing but blue skies do I see.
Bluebirds singing a song.
Nothing but bluebirds all day long.
~ Irving Berlin
About the Author: Joe DeCaro
I'm a lifelong Mets fan who loves writing and talking about the Amazins' 24/7. From the Miracle in 1969 to the magic of 1986, and even the near misses in '73 and '00, I've experienced it all - the highs and the lows. I started Mets Merized Online in 2005 to feed my addiction. Follow me on Twitter @metsmerized.
16 Comments + Add Comment
- Lifelongmetsfan: on Wheeler Pitches Five Innings, Shakes Off Some Rust: A starting pitcher Wheeler's age should not...
- Joey D.: on Sandy Disappointed With Some Of His Moves And The Team’s Performance: Hi philipag, You are correct - the rebuild...
- Lifelongmetsfan: on Mets Swept After Ike Davis Blunder Ignites 7-4 Reds Win: Ike Davis is still a very young...
- Sims: on Mets Swept After Ike Davis Blunder Ignites 7-4 Reds Win: Harvey is not even in the same...
- Metsie: on Sandy Disappointed With Some Of His Moves And The Team’s Performance: It's also well documented that the nationals...
Check Out These Great MLB Links!
Mets Autograph Signings
Mets Fan Apparel
Mets Autographed Baseballs
Baseball Card Supplies
For the best seats and lowest MLB ticket prices, go to PurchaseSeats.com. Get your Mets Tickets now and follow them on the road with Yankees Tickets, Phillies Tickets, Nationals Tickets and Braves Tickets!