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Mets hire the turnaround consulting firm that handled the Rangers bankruptcy and sale

Jan 6, 2012, 8:19 AM EDT

Fred Wilpon

Eno Sarris of Amazin’ Avenue reported last night that the New York Mets have hired a consulting firm called CRG Partners.  The significance?  That’s the same consulting firm Tom Hicks and the Texas Rangers hired in 2010 (a) to put them into and help them through bankruptcy and; (b) to eventually help sell the team to Chuck Greenberg and Nolan Ryan.

A little after Eno’s report came out the Mets confirmed that they hired CRG. But they disputed any suggestion that this has anything to do with a bankruptcy or a sale. Rather, it was “to provide services in connection with financial reporting and budgeting processes.”

Could be. There are a lot of reasons to hire a turnaround firm and if the Wilpons don’t plan to sell they can’t be forced to unless everything completely crashes. But as Eno points out in his report, such firms make the biggest money when they help orchestrate something big, not when they come in and help a business optimize their TPS reports.

It strikes me that the thing to watch here is when and if the Mets finally manage to sell off those minority interests they’ve been trying to sell in order to raise cash.  Sandy Alderson said yesterday that he believes that’s going well and deals could close this month, but it’s been taking a while and nothing has been announced.

Know who else tried to sell minority shares to save themselves and couldn’t?  The Texas Rangers. Then they hired CRG.  So, you know.

  1. Francisco (FC) - Jan 6, 2012 at 8:28 AM

    I bet 500 Quadloos the Mets will be for sale by the end of the year.

    • sdelmonte - Jan 6, 2012 at 9:22 AM

      All I have is Confederate dollars. Will you accept those?

      • henryd3rd - Jan 6, 2012 at 11:29 AM

        I have got a bag of Trinidad and Tobago pennies that can be used a dimes in vending machines will that be acceptable? The Wilpons are preparing to abandon ship and Sandy Alderson is going to be going down in the financially leaking ship. How much did Bud Selig promise him to take that job?

  2. hep3 - Jan 6, 2012 at 8:30 AM

    Yes, but will the Mets be able to get the right covers on those TPS reports. Do the Wilpons read the memos?

  3. PanchoHerreraFanClub - Jan 6, 2012 at 8:45 AM

    If CRG can turn the Mets’ financial situation around, they will have one of the two miracles needed for sainthood. Actually, I think this bodes well for the Mets in general as it indicates that the Wilpons have finally grabbed the bull by the tail and faced the situation.

    • Francisco (FC) - Jan 6, 2012 at 10:36 AM

      the Mets’ financial situation around, they will have one of the two miracles needed for sainthood.

      Would the other miracle be the Mets winning their division this year?

      • Roger Moore - Jan 6, 2012 at 5:26 PM

        And the third would be getting people to sympathize with the Wilpons.

    • cur68 - Jan 6, 2012 at 11:07 AM

      Agree, Pancho. The Bobs @ CRG are dealing with no-talent ass-clowns, when it comes to the Wilpons. I don’t want to jump to any conclusions here, but any Bob that can fix that has got some flair.

  4. loge23 - Jan 6, 2012 at 8:53 AM

    There’s absolutely nothing coming out of the Mets camp – Alderson’s spin aside – to suggest that the Wilpons will retain this franchise. Many of us have longed for the day when Fred, his son, and Katz would leave their Ebbetts shrine and hopefully let us restore some sense of pride in our Mets. That day now appears to be unavoidable. Sooner the better.

  5. stex52 - Jan 6, 2012 at 8:59 AM

    Maybe they should hire Scott Boras. I understand he puts out a gorgeous binder to interested buyers.

  6. randygnyc - Jan 6, 2012 at 9:26 AM

    Met fans deserve the wilpons. Second rate, jv squad. They will always play second fiddle in this town, regardless of who eventually buys this scrap heap.

  7. drunkenhooliganism - Jan 6, 2012 at 9:36 AM

    The Wilpons must call McCourt every day to thank him for being a shittier owner and absorbing the brunt of the media’s attention.

    • Old Gator - Jan 6, 2012 at 11:47 PM

      Yeah, but soon McCourt will have been extinguished forever from the memory of man, and the Wilpons will be left exposed in their Pooh pajamas with the back flap open and their tushies hanging out.

  8. uyf1950 - Jan 6, 2012 at 9:55 AM

    This reminds me of a the title of an Ernest Hemingway novel “FOR WHOM THE BELL TOLLS” it tolls for the Wilpons.

    • Old Gator - Jan 6, 2012 at 11:52 PM

      I dunno – they remind me more of the impotent Jake Barnes from The Sun Also Rises, if not of Santiago trying to beat away the sharks attacking his catch in The Old Man and the Sea.

      And the roster itself does bear a strong resemblance to that carcass….

  9. ermur22 - Jan 6, 2012 at 10:21 AM

    FINALLY! – one happy Met’s fan

  10. mojosmagic - Jan 6, 2012 at 10:47 AM

    Because of the Wilpons association with Madoff the bankruptcy will not be an easy feat. They should be more interested in staying out of prison then pocketing money from a sale of the NY Mets.

    • Old Gator - Jan 6, 2012 at 11:53 PM

      They’re in no danger of going to prison, just of going broke.

  11. Chipmaker - Jan 6, 2012 at 10:49 AM

    The Mets don’t need a Porsche with a Blaupunkt. The Mets need a curveball.

  12. billb09 - Jan 6, 2012 at 11:09 AM

    So the mighty fall………big deal. Just like our congress and senate can inside trade so do those with connections. Bottom line their friend came to them with a money deal they took it and we’re caught. Boo freaking hoo. Sell the Mets please before you gut us. They have been charging Yankee prices for Pirate quality, we have a shrine to the Dodgers which caused the national league to leave NY.
    Perfect scenario Wilpon’s buy dodgers and we rename Citi field Shea Stadium.

  13. lancer255 - Jan 6, 2012 at 11:51 AM

    I can’t wait for the David Wright sale, woo hoo!

  14. mojosmagic - Jan 6, 2012 at 11:52 AM

    The bankruptcy is designed to protect profit from their asset the NY Mets. The Wilpons are simply shielding money from the sale going to the Madoff Trustee who is trying to recoup money for the victims. There will also be private lawsuits. The Wilpons don’t care about Met fans.

  15. Old Gator - Jan 6, 2012 at 12:08 PM

    The Mutts are going to pay these people millions of dollars to put Teflon™ sliders under the Citi Field, grasp it firmly by the left side, and slowly turn it until center field is facing Flushing Bay. That way, the few fans who do show up this season can enjoy watching the airplanes taking off and landing at La Guardia.

  16. WhenMattStairsIsKing - Jan 6, 2012 at 3:27 PM

    The Mets could afford to hire anyone?

  17. buffalomafia - Jan 6, 2012 at 4:51 PM

    Please get your shitty Triple A Mets farmclub out of Buffalo! They suck!

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