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View Full Version : MLB loaned Mets $25 Million in November


Fenway
02-25-2011, 06:25 PM
:scratch:

Just how bad have the Wilpons been hurt by Madoff?

http://www.nydailynews.com/sports/baseball/mets/2011/02/25/2011-02-25_major_league_baseball_gave_mets_owners_a_25m_sh ortterm_loan_in_november_as_madof.html

Viva Medias B's
02-25-2011, 09:06 PM
I thought I saw on ESPN this afternoon that Bud Selig stopped Fox Television from lending Dodgers owner Frank McCourt a ton of money.

Fenway
02-25-2011, 09:14 PM
I thought I saw on ESPN this afternoon that Bud Selig stopped Fox Television from lending Dodgers owner Frank McCourt a ton of money.

Selig wants NOTHING more than McCourt to go belly up so MLB can take control...

ComiskeyBrewer
02-25-2011, 10:02 PM
Selig wants NOTHING more than McCourt to go belly up so MLB can take control...

Why? What makes the Mets different than the dodgers?

Fenway
02-25-2011, 10:09 PM
Why? What makes the Mets different than the dodgers?

Selig and Wilpon are old friends....

The Dodgers situation is all tied up in a messy divorce trial.

Fenway
02-26-2011, 01:25 PM
NY Times has more

http://www.nytimes.com/2011/02/26/sports/baseball/26mets.html

Fenway
02-27-2011, 12:52 PM
MLB may have to give the Mets more $$$$ to meet payroll

http://www.nytimes.com/2011/02/27/sports/baseball/27wilpon.html

Fenway
03-01-2011, 05:34 PM
http://www.nypost.com/rw/nypost/2011/03/01/covers/front030111.jpg

De$perate Mets in new relief pitch (http://www.nypost.com/p/news/local/de_perate_mets_in_new_relief_pitch_3Sp88YVWEvp3QZH 8q8HwtO)

This seems to be more serious than we know

soltrain21
03-01-2011, 06:05 PM
http://www.nypost.com/rw/nypost/2011/03/01/covers/front030111.jpg

De$perate Mets in new relief pitch (http://www.nypost.com/p/news/local/de_perate_mets_in_new_relief_pitch_3Sp88YVWEvp3QZH 8q8HwtO)

This seems to be more serious than we know

You ain't kidding. LIBYA?!

Hitmen77
03-01-2011, 07:34 PM
http://www.nypost.com/rw/nypost/2011/03/01/covers/front030111.jpg

De$perate Mets in new relief pitch (http://www.nypost.com/p/news/local/de_perate_mets_in_new_relief_pitch_3Sp88YVWEvp3QZH 8q8HwtO)

This seems to be more serious than we know

How are the Mets losing $50 million per year (which is what the article says)? They were still ranked 11th in attendance and I can only imagine they make a lot of money from local TV in New York.

I understand that the owners are totally in debt from this ponzi scheme, but I'm surprised to here that the team itself is losing that much money each year.

Fenway
03-01-2011, 07:50 PM
How are the Mets losing $50 million per year (which is what the article says)? They were still ranked 11th in attendance and I can only imagine they make a lot of money from local TV in New York.

I understand that the owners are totally in debt from this ponzi scheme, but I'm surprised to here that the team itself is losing that much money each year.

Citi Field is KILLING them in debt service... season ticket sales are WAY down

ewokpelts
03-02-2011, 09:12 AM
Citi Field is KILLING them in debt service... season ticket sales are WAY downyeah, but they can write that off not only for tax purposes, but mlb revenue sharing and luxury tax payments.

Hitmen77
03-02-2011, 12:28 PM
http://www.cnbc.com/id/41665720

ewokpelts
03-02-2011, 01:12 PM
the article is deceptive, as the cubs and rangers bankruptcy proceedings were designed to help get the teams sold quicker. in the rangers case, it netted the creditors more money through auction.

the cubs' situation was different as the team didnt have that much debt(aside from player payroll) and a lot of revenue coming in. but the tribsters were too bogged down in red tape to make the sale work in the confines of their own bankruptcy case.