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Imagine how highly leveraged the stadium and their points in SNY are, with out any MLB limits?


... and, by inference, the rest of their real estate "empire".

The Wilpons are interesting since they are 100% private and have never been sued. So, their finances are a complete unknown even to the best minds of the WSJ, etc.

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When it came out they were selling a piece of the team, it was 200mill for 25%.


What I heard was that MLB valued the team at about one billion and they were selling about 40% for 400MM with NO SAY in the team.

Some bidders wanted shares in SNY and were rebuffed. I don't really keep up with these reports since I think some of them are inventions of the media and others wishful thinking on the part of the Wilponzis. The latest I recall was the 400MM in cash/debt for 49% you relate, but with the added caveat of two seats on the board.

So, while the new minority owners wouldn't be able to vote anything down, they would have to be fully informed [in theory], and if there were a family split, they might be able to wrench control.


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After what happened with Mo Vaughn


Vaughn is a sore point for me since I didn't want him. I don't say that as revisionist. I thought the moves for Alomar and Burnitz were genius. So, I've been wrong as well. But, signing an unproven fatty off injury bothered me.

And, this defines the Mets. They make a mistake and to avoid repeating it, they don't correct it.

Plus, Vaughn cost them close to nothing out-of-pocket. His contract was insured. And, they deferred almost all of their costs to invest his salary in Maddoff.

Even if they weren't interested in ARod. Let's assume they knew and cared about his 'riod-ing. Why pick petty fights with him? Just don't sign him. Still pisses me off [as you can see...]


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they would be well served to dump Bay and eat 6 of the 16mill/year he's owed.


Knowing them they'll offer to defer his salary to 10 million a year for 100 years or something equally ridiculous.




I may go to the June 2nd day game if ticket prices continue to tumble. If so, I will try to situate myself behind the plate in a middle deck and chant "Sell the Team!" in full voice at each and every opportunity.
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Amo i Gemelli!! wink