Dec 26, 2011, 2:30 PM EST
Missed this on Christmas Eve as I was decking the halls and stuff, but Richard Sandomir has yet another article underscoring just how bad off the Wilpons and the Mets are, financially speaking:
Their $430 million loan on the team is due in 2014. Their $25 million loan from M.L.B. is past due and repayment has been extended. They recently borrowed $40 million from Bank of America. Their valuable network, SNY, is also heavily leveraged, to the tune of $450 million, a loan that must be repaid in 2015. And the Mets’ Citi Field bond payments leapt from $19 million last year to $43.7 million. That is a lot of borrowing for a team that lost $70 million last season and had faltering attendance.
Not the boldest prediction ever: the Mets will be on the market — the whole team, not just parts — before 2012 is over. Just a feeling.
- Media paying for athlete interviews? Not likely. But watch this stuff closely anyway. 13
- Rockies acquire Brett Anderson from A’s 12
- D’backs, Angels, White Sox agree to three-team Mark Trumbo deal 65
- Ranking MLB managers by . . . handsomeness 82
- Curtis Granderson: “A lot of people have told me real New Yorkers are Mets fans” 61
- Robinson Cano agrees to $240 million deal with Mariners (260)
- Report: Mariners willing to offer Robinson Cano a 10-year, $240 million deal (143)
- Report: Yankees have agreed to a three-year deal with Carlos Beltran (125)
- Brett Gardner is drawing “significant” trade interest (113)
- Robinson Cano “didn’t want to play” for Joe Girardi (110)