Sunday, February 27, 2011

Whither (Wither) the Mets?

This, today, from the New York Times.

The ownership's finances seemingly are in a mess.

Ticket sales are way down. The team reduced the price of the average ticket by 14% and let go a bunch of employees in the ticket office.

The team lost a few relievers in the off-season and didn't sign any new star attractions.

Johan Santana, their ace, is out until mid-summer.

The team's debt ratings have been downgrade.

This is all very sad to see. Just three, four years ago, the Mets were the team to beat in the National League.

All signs point to the Wilpon's having to sell the team or have a friend give them a lifeline until their negotiations with the Madoff trustee conclude with a settlement. Neither seems to be a great option at the moment.

It's all very hard to fathom in Gotham.

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