Apparently chicks still dig the long ball, so the New York Mets are looking at lowering and moving in the fences at Citi Field for the 2012 season. Citi Field was designed to be a pitcher-friendly venue: it was the hardest MLB venue to hit a home run in 2009 and 2010 and is third-hardest […]
Tag Archives | citi field
Yankees, Mets still waiting on certificates of occupancy for new ballparks
This is a little embarrassing: the New York Yankees and the New York Mets have not received final certificates of occupancy for their new ballparks — both of which opened in 2009 — because of unleased space and unaddressed code violations. The new Yankee Stadium and Citi Field have been operating under a series of […]
Mets’ financial woes worse than thought
The New York Mets required a cash infusion of $25 million from MLB lines of credit last November after the team faced a cash-flow crisis and had tapped out its other sources of capital, leaving many to wonder how long Fred Wilpon and Saul Katz can keep control of the ailing franchise. That the Mets […]
Mets managed Madoff investments for other investors
The owners of the New York Mets managed investments for others in Bernie Madoff‘s Ponzi scheme and threw some interesting conditions on participation: the investors, which included Larry King, Sandy Koufax and Tim Teufel, could have no interaction with Madoff and ask how he generated such impressive returns. The New York Times went through the […]
Jeff Wilpon: Mets aren’t for sale
Despite some vocal interest from the likes of Donald Trump in buying a majority share of the New York Mets, Jeff Wilpon says the team isn’t for sale — and he expects his family to be found innocent of charges that they unfairly profited from Bernie Madoff’s Ponzi scheme. Wilpon, the chief operating officer of […]
Potential buyers emerge for Mets — but are they serious?
Donald Trump has reached out to Fred Wilpon about buying into the New York Mets — but he would so only if he could buy majority control. He’s the latest suitor for the team, which has attracted a lot of interest from the Manhattan monied set. According to Trump, he called Wilpon after the team’s […]
Citi Field debt downgraded by Moody’s because of Mets-Madoff connection
More bad news for Fred Wilpon and Saul Katz: debt of Citi Field has been downgraded by Moody’s because of concerns over ties between the New York Mets ownership and disgraced felon Bernie Madoff, as well as an impending clawback lawsuit. “While the ultimate outcome of the litigation and the timeframe for final resolution are […]
Yawn. NYT writer predictably blasts Mets for naming-rights deal
Let’s face it: Clyde Haberman of the New York Times has always hated the idea of the New York Mets selling naming rights to their new ballpark. He’s now using the recent financial issues facing the team to once again bash Citi Field and the Wilpons. Flash back to 2006, when the Mets first announced […]
Cuban: I’ll listen if the Wilpons want to sell me a chunk of the Mets
With the finances of the New York Mets increasingly under siege, Dallas Mavericks owner Mark Cuban says he’s interested in investing in the team — but he needs to be sold by the Wilpons on the move. That’s sure to impress MLB owners. From the New York Post: “If they want to sit down and […]
Mets on tap to host All-Star Game in 2013
Multiple reports have the New York Mets hosting the 2013 All-Star Game at Citi Field — the first time since 1964 that the team has hosting the midseason festivities. Of course, in 1964 the game was held at Shea Stadium. That’s the longest drought for a team hosting the All-Star Game in MLB. No official […]
Bottom-shelf-booze magnate making play for Mets?
Martin J. Silver, whose Long Island-based Star Industries is a prime purveyor of fine spirits like Georgi Vodka and Carnabys Gin, says he’s willing to invest in the New York Mets with the Wilpons, forced to seek a minority investor because of potential financial problems. Silver, an investor in the Wilmington Blue Rocks (High Class […]
Wilpons explore selling minority chunk of Mets
Fred and Jeff Wilpon are looking at selling a minority share of the New York Mets due to financial complications due to their family firm’s investments with Bernie Madoff, as they face a potential clawback lawsuit from the court-appointed bankruptcy trustee. The following statement comes from Fred Wilpon, Chairman and Chief Executive Officer of the […]
Mets lower ticket prices for 2011
Increased supply meets diminished demand, as the New York Mets lowered prices for many seats at Citi Field for the 2011 season, decreasing costs by an average of 14 percent across the entire ballpark. Within the 14-percent average price decrease, the Mets have made a range of market-based adjustments to Citi Field’s 41,800 seats: Ticket […]