As winter creeps onto the landscape and the offseason crawls along, its becoming apparent that the sweeping changes that were promised by Mets GM, Sandy Alderson, are likely to be held off another year. Instead of renovating the roster to resemble that of a organization poised for a resurgence, the Mets remain in a holding pattern. The team’s front office had declared the World Series, then the Thanksgiving holiday and now the start of the [...]
I remember when the whole Madoff fiasco started to carpet-bomb its way into the mainstream sports media. Well before it all started to make headlines and evolve into the sports blogs fodder du-jour, mercilessly mocking the team, its owners and even fans, I had a conversation with an old family friend with ties to the organization. During our chat the Madoff situation came up. Basically he said that the Mets wouldn’t be spending money on [...]
This past Monday, Mets COO Jeff Wilpon updated the media and fans about the status of the minority ownership stakes, saying it was “going very well.” That was the first significant update since the David Einhorn deal fell apart. Fans and the media alike were interested in who these minority owners were, and Mr. Wilpon stated: Some of the people don’t want to be public. Some of the people might never be public. I don’t [...]
“Even if the financials break down as reported, one would think the $100 million dollars being earmarked for operating costs will go toward the projected $70 million dollars in losses this season, and any additional losses next season. Basically, the way I see it, this will keep them afloat for two years, and that is assuming they don’t lose the lawsuit. By the end of those two seasons, the Wilpons better have figured out a plan to [...]
Though to most baseball fans the season has just begun, to many Mets fans it was over before it started. The Mets were welcomed at the beginning of the season by five fans covering their faces in shame with brown paper bags and chanting “sell the Mets.” After being sued for $1 Billion by Bernie Madoff victims, the Mets franchise is now left with a brand new, state of the art stadium that is home [...]
The New York Post has broken the news that the Mets are looking for even more loan. They want tens of millions of dollars and all of this money is just to cover the team’s basic operating expenses. The Wilpons should be focusing on selling a large chunk of the team at this point. It is beyond obvious that the Madoff scandal is greatly impacting the team’s finances. The article also mentions that the Mets [...]
A little more than two weeks ago it was announced by Fred and Jeff Wilpon that they were exploring the option of adding a partner(s) to own the New York Mets. Naturally the news hit the blogs and Twitter in no time and there was talk among Mets fans on who they would want to own the team. There were two names that came up many times as possible new owners for the Mets: James Dolan: Not surprising [...]
All year long we’ve been told that the Mets are financially in good health. It’s been the mantra ever since the name Bernard Madoff made headline news with his Ponzi scheme and swept the Wilpon family and Sterling Enterprises on board his swarmy carpet ride; not to mention all the livelihoods he destroyed along the way. The man surely has a place in hell perfectly decorated waiting for his arrival one day. Needless to say [...]
As we reported yesterday, the Mets have announced that no tickets will go up in price next season for Citi Field, and that they will reduce season-ticket prices by 10 to 20 percent. They will also be reducing the number of gold level ticket games which put a premium on desirable matchups. That’s a fitting gesture and a good first step toward healing the rift between the Mets and their fan base. However, lost in the [...]
NL East Standings
Last updated: 06/19/2013
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