Bill Madden of the New York Daily News makes an observation I hadn’t thought of but which, in hindsight, makes perfect sense: the sale of the Los Angeles Dodgers — brought on by Frank McCourt’s financial mismanagement — has made it possibly for Fred Wilpon to borrow even more money against the New York Mets if he wants to:
For if the Dodgers wind up selling for $2 billion or more, the value of the Mets, a signature franchise in their own right, in the country’s largest media market with their own network and new stadium, despite their present hard times, have to be worth close to $3 billion. “What that means,” said the insider, “is that the Wilpons can now go back to their banks, point to the value of the team, and say: ‘Lend us more money.’”
Maybe it’s not quite that simple. I mean, just because the Dodgers are worth a ton of money at sale doesn’t mean that Frank McCourt could get more loans and the same may apply to the Mets and Wilpon. But, yeah, the Dodgers selling for $2 billion may very well change the playing field in New York.