The New York Post is reporting that the New York Mets may have a difficult time swinging a major trade this month because they have serious financial issues.
Investment bankers who sell sports teams believe the Amazin’s owners, the Wilpon family, are so cash-strapped that they will have to sell the Flushing franchise if the team has a losing season or two and attendance falls.
There is growing evidence that the owners are in serious need of dough, and the team — saddled with roughly $700 million in debt — is not turning a profit.
This is the type of stuff that keeps the Mets from consistenly being an upper-echelon team. I guess we will know in a few weeks how much truth there is to this.