Blog Roundup: Financial Edition
The heavyweight court bout between Wilpon, Katz, and company vs. Irving Picard ended in a…well, sort of split decision. All in all, it was good news for the owners of the Mets, as Fred, Jeff, and Uncle Saul only had to payout a paltry $162 million. After the ruling, the Mets were able to sell 12 minority ownership shares of the team at $20 million apiece, infusing $240 million into the organization. This allowed them to immediately pay back their debts to the Bank of America and Major League Baseball. That’s the good news. The bad news is, the Wilpons won’t be forced to sell the team.
The Blogs check their accounts:
- Ian O’Connor of ESPN thinks Fred is still a loser.
- Hardball Talk says the Wilpons are happy, and praise Mario Cuomo (this is not a blog post from the mid-80s).
- Amazin’ Avenue explores the ramifications of today’s ruling.
- MMO wonders if this means better days ahead.
- Metstradamus examines what this does to the culture of negativity among Mets faithful.
- Tedquarters, meanwhile, is always thinking about his stomach (apologies to Han Solo). How would you define a sandwich?
We here at Mets Today work for free, so we don’t have to worry about million dollar settlements. Stay tuned for more Mets news.