Between the spontaneous cheering at Citizens Bank Park to military discounts offered by several MiLB and MLB teams, baseball is reacting to the news that Osama bin Laden, mastermind of the 9/11 attacks on America, was killed by American forces. Baseball and 9/11 were closely intertwined: the 2001 season was in its final stages, and […]
Tag Archives | new york mets
Judge throws out broken-bat lawsuit
A fan struck by a broken bat at a New York Mets game at Shea Stadium lost his bid to sue the team, two players and Major League Baseball, as a judge ruled he took on the risk of being struck by an object from the field when he chose to sit in an area […]
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 […]
Tumminia, Mets, Cyclones feted by NYU’s Sports Business Society
The New York Mets, the Brooklyn Cyclones (short season A; NY-Penn League) and Tyler Tumminia, Vice President of Marketing and Operations with The Goldklang Group, will be honored by NYU’s Sports Business Society on April 12. Tumminia will be named 2011 Executive of the Year. She joins an elite group of prior recipients, including MLS […]
Digital Domain Park / New York Mets / St. Lucie Mets
The trend in spring-training facilities is to locate new ballparks in the midst of megadevelopments that could be located anywhere. While these new ballparks have the amenities fans expect, they’re generic in nature. Maybe we’re a little too nostalgic, but we want the spring-training experience when we head to Florida: we want the palm trees, […]
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 […]
Madoff, Mets finances more intertwined than assumed: report
To date the Wilpons have downplayed their financial ties to Bernie Madoff, characterizing their investments as somewhat limited. It’s now coming out that the relationship was more significant, with the team also investing deferred player payments with Madoff. The New York Times outlines the relationship between the Wilpons and Madoff: When the Mets negotiated their […]