For the third straight year revenues were down at Citi Field, as New York Mets ownership struggles to find the right mix between ticket and concession prices. Newsday obtained the team’s revenue statement via FOIA; the statement is a requirement of the bonding deal that funded ballpark construction. In 2012 ballpark revenue for the Mets […]
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Mets lose $71M in ’11, loses key court case today
Lots of bad news for New York Mets ownership: the team lost $70 million last season, and this morning a judge ruled they must repay $83 million in profits from the fraudulent Ponzi scheme run by Bernie Madoff. The judgement today from Manhattan Federal Judge Jed Rakoff is a response to bids for summary judgement […]