Wilpon’s Hubris
Recently Josh Kosman of the New York Post reported that the Wilpons have refinanced $450 million in SNY debt. Subsequent clarifications in the NY Times and Forbes explained that they refinanced an additional $250 million and still managed to cash out $160 million. They aren’t entirely out of the woods, but there is a growing consensus that they may yet manage to hold onto the team, and...
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