The Mets’ talking points have been that, were it not for the Madoff lawsuit, everything would have been hunky dory financially speaking. The New York Times reports this morning, however, that such is not the case:
When the owners of the Mets said in late January that they would seek buyers for up to 25 percent of the club, they cited “the air of uncertainty” created by the $1 billion lawsuit brought by Irving H. Picard, the trustee representing the victims of Bernard L. Madoff’sPonzi scheme.
But a look at the team’s financial condition — gleaned from public financial documents and numerous interviews — suggests the team may well have needed the proceeds from selling part of the team regardless of the suit.
The Times says that the team realized significantly lower revenues upon moving into Citi Field than they had anticipated and that combined with (a) the overall financial downturn; and (b) less-than-stellar on-the-field performances led to the Mets seeking investors on the down low prior to the lawsuit and their public announcement that they were looking for a cash influx.
The lawsuit is there now, of course, and that certainly trumps whatever cash flow issues the Wilpons were facing before in terms of financial uncertainty. But potential investors aren’t going to be on the hook in the lawsuit. They are, however, going to depend on Mets’ cash flow in order to vindicate their investment. If it’s less rosy than we suspect, it may be harder to justify taking the plunge.
The Yankees fell behind early to the Orioles on Sunday afternoon, a day after dropping both ends of Saturday’s doubleheader. Their game, as did every other game on Sunday with the exception of the Braves-Cardinals doubleheader, started at 3:05 or 3:10 EDT, a change Major League Baseball recently made to create fairness on the final day of the season.
Girardi is not a fan. Per the Associated Press:
It was cloudy at Camden Yards at 3:05 p.m., but late-afternoon games often make it difficult for batters to see pitches.
Girardi said, “Here’s the thing that bothers me: If it’s a sunny day you’re playing in shadows.”
He added, “If it’s the most important game of the year to get in, I don’t think that’s right.”
Understanding the idea is for every team to play at the same time, Girardi said, “Then play all night games.”
One wonders if MLB had scheduled Sunday’s slate of games for the night, if Girardi would have instead complained about batters losing fly balls in the stadium lights. Furthermore, both teams have to play in the same conditions.
Marlins outfielder Ichiro Suzuki was given an opportunity to play a new position in Sunday’s series finale against the Phillies. After the Phillies rallied to take a 6-2 lead in the seventh, the Marlins let Suzuki take the hill in the eighth. And, in news that surprises no one, he was impressive.
Though Suzuki gave up a run on two hits, he flashed a fastball that hit the mid-80’s and a breaking ball with some bite.
Suzuki, who turns 42 years old later this month, is 65 hits of 3,000 in his major league career. The Marlins are interested in bringing him back in 2016.