Tom Hicks

There is no guarantee that the Wilpons will be able to keep control of the Mets


Forgive me if I’m not optimistic about the Wilpons’ chances of finding “strategic partners” who will gladly fork over millions in exchange for a minority share of the team, leaving the Wilpons in control. Why am I skeptical? Because the last time a baseball owner was in deep financial trouble and sought minority investors, it didn’t quite turn out the way he planned:

“I’ve been quietly looking for minority investors to come back into the ownership of the Rangers as a way to be prudent in a bad economy,” [Tom] Hicks said. “I’m doing the same thing with the Stars. At the end of the day, I’ll still have 51-to-60 percent of the ballclub and have new partners. That doesn’t change anything.

A little less than a year later Tom Hicks was being squeezed out completely while Mark Cuban and Chuck Greenberg fought tooth-and-nail for total control of the Texas Rangers.

It’s just a simple fact of investment life:  minority shares in non-public entities are not worth anything close to what a controlling interest is worth.  Perhaps the Mets, who likely have a much better potential cashflow than most teams, will still be an attractive investment who is merely interested in saying they own a piece of the team.  But if the Rangers example is any indication, there aren’t a whole hell of a lot of people who want to be silent partners when the majority owner asking for a handout is in financial distress.

The Mets are an extremely valuable property. Their owners are in financial trouble.  This is what most savvy investors call “an opportunity.”  It strains credulity to think that people won’t make some offers for control of the Mets that the Wilpons find awfully hard to refuse.

People are paying tens of thousands to get into the World Series

CHICAGO, IL - OCTOBER 24:  Chicago Cubs fans visit Wrigley Field on October 24, 2016 in Chicago, Illinois. The Cubs will face off against the Cleveland Indians in the World Series beginning tomorrow. This will be the Cubs first trip to the series since 1945. The Indians last trip to the series was 1948.  (Photo by Scott Olson/Getty Images)
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Ticket prices for the World Series are always ridiculous, but this year things are heading to a whole new ridiculous level.

Now, to be clear, some of the figures you hear are not what will be paid for tickets. The Associated Press has the de rigueur story of ticket holders asking, like, a million dollars for their tickets and ticket seekers willing to give all kinds of in-kind goods and services for a chance to see the Cubs play in Wrigley. A lot of that noise will never amount to any real transaction and, in some cases, will likely end up with someone getting arrested. It’s crazy time, you know.

But even if those million dollar and sex-for-tickets stories end up being more smoke than fire, people will end up paying astronomical prices to get in. Some already are. ESPN’s Darren Rovell reports that someone paid $32,000 on StubHub for 4 seats in the front row by the Cubs visitors dugout for Game 2 at Progressive Field in Cleveland. The prices in Wrigley Field for Games 3, 4 and, if necessary, 5 will likely go higher. There’s a ton of pent-up demand on the part of both Cubs and Indians fans, after all.

Still: trying to imagine how an in-stadium experience, no matter how long someone has been waiting for it, is worth that kind of scratch. Guess it all depends on whether that kind of money constitutes that kind of scratch for a given person.

World Series Reset: Cubs vs. Indians Game 1

CLEVELAND, OH - OCTOBER 24:  Manager Joe Maddon of the Chicago Cubs speaks with the media during Media Day for the 2016 World Series at Progressive Field on October 24, 2016 in Cleveland, Ohio.  (Photo by Tim Bradbury/Getty Images)
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The Game: Chicago Cubs @ Cleveland Indians, World Series Game 1
The Time: 8:00 PM EDT
The Place: Progressive Field, Cleveland
The Channel: FOX
The Starters: Jon Lester (Cubs) vs. Corey Kluber (Indians)

The Upshot:

After 2,430 (give or take) regular season games and 28 playoff games, we’ve arrived at the World Series. By now the teams should need no introduction, but if you’d like a general overview, by all means, check out or World Series preview from yesterday. The short version: the Cubs may be the best team in baseball this year, but the World Series is a lot more evenly-matched than many believe. Including the gamblers who have caused the Vegas oddsmakers to set this as a 2-1 affair in favor of the Cubs. We don’t think that reflects baseball reality, even if it reflects gambling reality.

On the field in Game 1 is a classic battle of aces. Jon Lester, who has a chance to win the NL Cy Young Award this year, faces off against Corey Kluber, who won the Cy Young Award a couple of years ago and rounded back into Cy Young form in the second half of this season. At the moment manager Terry Francona certainly sees him as an old school ace, with reports that Kluber could get the start in Game 1, Game 4 and, if necessary, Game 7 should things last that long. Somewhere Bob Gibson is smiling.

Lester is 2-0 and has allowed two runs in 21 playoff innings across three starts this year. He threw eight shutout innings in Game 1 of the Division Series against the Giants, gave up one run in six innings in Game 1 of the NLCS against the Dodgers and gave up one run in seven innings in an Game 5 of the NLCS. For his part, Kluber tossed seven shutout innings against the Red Sox in the Division Series, six and a third shutout innings against the Jays in the first game of the ALCS and allowed two runs in five innings in a loss in Game 5 of the ALCS.

The Indians are hoping, of course, that Kluber can leave with a lead, allowing them to go long with relief aces Andrew Miller and Cody Allen. The Cubs will no doubt be looking to strike quickly, knowing that coming from behind against that Cleveland pen is a tall order. Not that the Indians can count on late heroics themselves given that Aroldis Champan looms late for the Cubs. Both lineups are filled with potential game-changing bats, but bullpens loom large here.

The runup to this has been all about 1908 and 1945 and 1948 with a splash of 1995 and 1997 thrown in. None of that matters as of tonight. At that point, the game will be in the hands of men who weren’t even born for most of that and who have only hazy memory of some of it. The 2016 World Series will be decided by 2016 players, not by curses or the weight of history.

It all gets underway just after 8pm.