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.
- Bryce Harper’s underrated day: Three at-bats, three homers 33
- Tigers, doctors clear Justin Verlander to resume throwing 3
- Brook Jacoby and umpire Doug Eddings were in a “loud, obscenity-laced, nose-to-nose exchange” 55
- And That Happened: Tuesday’s scores and highlights 143
- Devin Mesoraco could need hip surgery 11
- Alex Cobb confirmed to have elbow ligament tear 14
- Royals expected to get closer Greg Holland back tomorrow 3
- Madison Bumgarner threw his fastest pitch since 2010 9
- And That Happened: Tuesday’s scores and highlights (143)
- Torii Hunter doesn’t care what Floyd Mayweather has done outside of the boxing ring (140)
- Buck Showalter had some wise words about what’s happening in Baltimore (123)
- Some anti-DH counterpoints (102)
- And That Happened: Tuesday’s scores and highlights (98)