Is Lenny Dykstra running the Mets ?
edmundfitzgerald
Posts: 4,306 ✭✭
in Sports Talk
PORT ST. LUCIE, Fla. -- The embattled owners of the New York Mets received a loan from Major League Baseball in November in order to cover operating expenses, the team acknowledged Friday.
"We said in October that we expected to have a short-term liquidity issue," the team said in a statement. "To address this, we did receive a loan from Major League Baseball in November. Beyond that, we will not discuss the matter any further."
The New York Daily News and The New York Times pinned the amount at $25 million.
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Mets owner Fred Wilpon, brother-in-law and team president Saul Katz and various family members and entities related to Sterling Equities are facing a lawsuit seeking $1 billion. The legal action by Irving H. Picard, the trustee recovering funds for victims of Bernard Madoff's Ponzi scheme, alleges Mets owners knew, or should have known, about the fraud. Total losses in the Ponzi scheme are estimated at around $20 billion.
Principal owner Fred Wilpon and chief operating officer Jeff Wilpon recently announced they intended to sell 20 to 25 percent of the team. However, Steve Greenberg, the man they hired to identify investors, since has stated the percentage sold could be higher. The Wilpons nonetheless adamantly maintain they intend to retain a controlling interest in the team.
Asked a week ago how he could be so confident in his ability to retain controlling ownership of the Mets given the uncertainty of the legal proceedings, Fred Wilpon insisted: "I can only tell you we have the resources in other businesses. Every one of our other businesses are going very well. And this business has to be straightened out -- no question about it."
Less than two weeks ago, Moody's Investors Service lowered its outlook on the company that operates the ballpark used by the New York Mets because of the litigation. The ratings firm cut the outlook on Queens Ballpark Co. LLC to "Negative," but maintained its "Ba1" rating on the company's bonds.
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Looks like there's gonna be a lot of empty seats this season at Citi Field.
The Mets are overall so bad, it might be difficult for me this upcoming season to get motivated enough for some Mets smack...but I'll try my best.
IMF
<< <i>The Mets mercenary players suck and now this...I guess when it rains it pours.
Looks like there's gonna be a lot of empty seats this season at Citi Field.
The Mets are overall so bad, it might be difficult for me this upcoming season to get motivated enough for some Mets smack...but I'll try my best.
Pretty sure the Mets were one of the teams griping the loudest when MLB loaned the Rangers money during their bankruptcy.
Working on the following: 1970 Baseball PSA, 1970-1976 Raw, World Series Subsets PSA, 1969 Expansion Teams PSA, Fleer World Series Sets, Texas Rangers Topps Run 1972-1989
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Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
<< <i>The Mets mercenary players suck and now this...I guess when it rains it pours.
Looks like there's gonna be a lot of empty seats this season at Citi Field.
The Mets are overall so bad, it might be difficult for me this upcoming season to get motivated enough for some Mets smack...but I'll try my best.
Nobody kicks a dog better when they are down.
Looks like there's gonna be a lot of empty seats this season at Citi Field.
The Mets are overall so bad, it might be difficult for me this upcoming season to get motivated enough for some Mets smack...but I'll try my best. >>
Nobody kicks a dog better when they are down.
Eaglet fans well-versed in bitter suffering--after all, they booed and threw iceballs at Santa Claus, so I'd expect no less, LOL..
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
<< <i><< The Mets mercenary players suck and now this...I guess when it rains it pours.
Looks like there's gonna be a lot of empty seats this season at Citi Field.
The Mets are overall so bad, it might be difficult for me this upcoming season to get motivated enough for some Mets smack...but I'll try my best. >>
Nobody kicks a dog better when they are down.
Eaglet fans well-versed in bitter suffering--after all, they booed and threw iceballs at Santa Claus, so I'd expect no less, LOL.. >>
Yea, but at least we never hired Willie Randolph as a manager, arguably one of the the worst managers in MLB history...so there!
<< <i>The Mets mercenary players suck and now this...I guess when it rains it pours.
Looks like there's gonna be a lot of empty seats this season at Citi Field.
The Mets are overall so bad, it might be difficult for me this upcoming season to get motivated enough for some Mets smack...but I'll try my best.
I keep forgetting to stop by here more often.
By the way, Francona stinks.
aconte
<< <i>
<< <i>The Mets mercenary players suck and now this...I guess when it rains it pours.
Looks like there's gonna be a lot of empty seats this season at Citi Field.
The Mets are overall so bad, it might be difficult for me this upcoming season to get motivated enough for some Mets smack...but I'll try my best.
I keep forgetting to stop by here more often.
By the way, Francona stinks.
aconte >>
Who says insanity can't be fun?
Always buying Bobby Cox inserts. PM me.