Jan 5, 2013, 3:53 PM EDT
The resulting stability and financial muscularity of SNY and similar networks make them low risks to banks. Late last month, SNY refinanced $450 million in existing bank loans at lower interest rates and borrowed at least $250 million more. With their 65 percent ownership of SNY, Wilpon and Katz should have walked away with about $162.5 million.
In theory, the Mets could go out and use this cash to add talent to the team, but there’s no indication they are willing to do anything other than bargain hunt or perhaps re-sign Scott Hairston. Other more likely scenarios include paying down part of the existing bank debt on the team or bracing for further operating losses. Fun stuff.
- Lance Lynn expects to make next scheduled start despite suffering ankle injury Saturday 1
- Cubs expected to call up Javier Baez on September 1 3
- Settling the Score: Saturday’s results 13
- A fan died at Turner Field after falling from the upper deck 51
- Mets acquire Addison Reed from the Diamondbacks 10
- Vin Scully says 2016 will be his last season of broadcasting 30
- Edwin Encarnacion slugs three home runs as Blue Jays thrash Tigers 18
- Mark Teixeira says he’s having “serious pain” when he tries to run 14
- Sarah Palin sticks up for Curt Schilling, tells ESPN to “stick to sports” (265)
- Dan Patrick: When does ESPN cut ties with Curt Schilling? (200)
- Curt Schilling taken off of Little League World Series duty for making a really bad tweet (170)
- Curt Schilling taken off of ESPN’s Sunday Night Baseball telecast this week (134)
- Phillies announcer calls Mets fans “obnoxious” (123)