Dec 14, 2011, 1:37 PM EDT
With news the other day that the Wilpons took another big loan to help keep Mets’ operations afloat, new questions are being raised regarding just how poorly off Fred Wilpon really is.
Over at Amazin’ Avenue, Dan Lewis breaks it down in amazing detail. Detail which you should all read if, for no other reason, when that one guy who comments on every Mets post shows up, you’ll be able to counter his propaganda. In the meantime, here’s Dan’s summary:
Right now, the Mets are running serious losses annually — even including their profit share from SNY. There’s no easy way for them to get enough cash to run the team, unless the Wilpons keep putting money in (if they can), and the current plan has a $240 million price tag attached to it, due 2017. They could sell a lot of their SNY stake, but that’d be a very painful sale — and perhaps one fatal to the Wilpons’ efforts to maintain their ownership of the team.
Which is why they’re doing things like shopping Jon Niese for prospects. Depressing times.
- Monday’s White Sox/Orioles game postponed due to ongoing protests and violence in Baltimore 73
- Cardinals confirm Adam Wainwright is done for season with torn Achilles 13
- Source: Josh Hamilton rejected a trade to a National League team because he wanted to go back to Texas 34
- Deal done: Josh Hamilton traded to the Texas Rangers for cash considerations 38
- Pitchers batting is dumb and the DH should be universal 350
- And That Happened: Sunday’s scores and highlights 88
- Alex Rodriguez hits 659th career home run, now one shy of tying Willie Mays 60
- Max Scherzer doubtful for next start due to thumb injury 5
- Pitchers batting is dumb and the DH should be universal (350)
- Comment of the Day: do not underestimate the seriousness of the anti-DH crowd (185)
- The early leaders in MLB’s “Franchise Four” thing have been announced (166)
- The Royals and White Sox had a benches-clearing fracas, five players ejected (161)
- Protesters converge on Oriole Park at Camden Yards (149)