According to Scott Soshnick and Eben Novy-Williams of Sportico, the Wilpon family, former owners of the New York Mets, are looking to sell SNY, which is the team’s regional sports network. The Wilpons completed the sale of the Mets to hedge fund tycoon Steve Cohen back in August of 2020 for 2.42 billion. They are reportedly considering several options regarding the buyers of their majority...
According to The Real Deal, one of the leading publications for New York real estate news, Sterling Equities, the parent company of the New York Mets and SNY, plans to redevelop a Williamsburg warehouse they recently purchased for the sum of $20.5 million dollars. The firm, which is co-developing the Willets Point mega-project in Queens, paid $20.5 million for the two-story building, is looking...
In an exclusive interview with Andy Martino of the Daily News, Bobby Ojeda said he did not want to delve into specifics over the breakdown in negotiations with SNY, but did add that his sharp opinions on the Mets were never an issue. “I really couldn’t have been more disappointed,” Ojeda said. “I just loved what I’ve been doing for the past six years. I’ve just had a ball. It has been the...
General Manager Sandy Alderson recently sat with reports and discussed offseason spending plans heading into 2015. The conclusion? The GM does not predict a generous lift in payroll for next season. The free agent class is not as strong as it’s been in recent history and the Mets can ill-afford to take up more space on the payroll with ineffective longterm contracts. However, in an offseason...
In his latest article, Phil Mushnick of the New York Post lashed out at outgoing commissioner Bud Selig as well as Mets ownership for the sorry financial state of the team. Mets ownership still appears beached, trying to extricate itself from its eagerly self-imposed relationship with no-questions-allowed Ponzi schemer Bernie Madoff. Whether Fred Wilpon and Saul Katz jumped in blind or jumped in...
A team source told Justin Tasch of the Daily News that the Mets were not “boycotting” WFAN, rather trying to build up their new radio relationship with WOR. Mike Francesa blasted the Mets on Monday and unleashed one of his signature tirades against the franchise whom he referred to as “jackasses” for banning them “It’s just ridiculous. The Mets are acting like jackasses. They really...
The Mets’ owners appear to be on the verge of finally putting the team’s financial problems behind them, according to a report in the New York Post. Cash-strapped Fred Wilpon and Saul Katz, who faced perhaps an insurmountable spring principal payment on their $250 million loan, are close to refinancing the note, sources said. “This will be oversubscribed,” a source considering investing in the...
According to Richard Sandomir of the New York Times, the Mets recently borrowed another $40 million dollars as a “bridge loan” meant to keep the team afloat as they try to raise money through the sale of minority shares in the team. People familiar with the team’s situation have said the owners had firm commitments from at least seven investors interested in buying a small share of the team for...
In a column in the New York Times this morning by Richard Sandomir and Ken Belson, all the current news about the Wilpon, Katz suit is brought up to date. For those who are really interested in the business part of the Mets Operation, this article is very informative. The New York Times doesn’t waste space and they’ve taken up a big chunk of the Sports Section for this. On...
In an exclusive interview with the New York Times, convicted felon Bernard Madoff said that the Wilpons “knew nothing” about the Ponzi scheme. Mr. Madoff said about Fred Wilpon and Saul Katz, Mr. Wilpon’s brother-in-law and business partner: “They knew nothing. They knew nothing.” Madoff said the trustee Irving Picard has no evidence that the Mets owners had any knowledge of the...
Mets COO Jeff Wilpon met with reporters shortly before the start of last night’s game and offered his apologies for what transpired during Omar Minaya’s press conference on Monday. “After some reflection, I thought it was important to come out and talk to everybody. We’re very sorry about what happened. It was the wrong forum. The wrong time. The wrong situation for Omar...
