Showing posts with label NY Newsday. Show all posts
Showing posts with label NY Newsday. Show all posts

Monday, June 17, 2013

Mets News: Fred Wilpon on Mets Losing, "I suffer with it"


Fred Wilpon, speaking with Newsday on Monday, said he is confident in Sandy Alderson's plan for the Mets. The 76-year-old principal owner added that things should improve as big salary outlays come off the books.
"We're coming to the end of the time when we have had an overhang of players who got hurt or didn't play well, and I think that Sandy Alderson and his staff have a plan," Wilpon told the newspaper. "I know some people are impatient about it. But they do have a plan and they're executing on their plan and I think things are in the right direction. It's hard to say that when the team loses four, five in a row.

"I get it, I suffer with it. I think that we have to see that plan become successful because in today's world it's not how much money you spend -- although we have invested a lot of money. Some of it has been wasted because right now we have a [large] payroll and 50 percent of the payroll is not playing."

Sunday, March 04, 2012

Financial records show that Citi Field revenues have dropped more than 30 percent


Financial records show that Citi Field revenues have dropped more than 30 percent since the New York Mets ballpark opened in 2009. Premium ticket sales are down almost 50 percent.

The financial documents obtained by Newsday show that concession revenue alone dropped 28 percent since 2009, to $10.9 million in 2011. Newsday reports that parking was down 37 percent, to $7 million.


Ticket sales for the 10,635 premium seats declined from $99.3 million in 2009 to $50.6 million through 2011. The seats are about 25 percent of the stadium.

The documents highlight some of team’s financial struggles following the fraud committed by Bernard Madoff. The owners of the Mets are being sued by a bankruptcy trustee trying to recoup some of the $50 billion in Madoff fraud money.

Wednesday, February 22, 2012

Mets have completed the sale of seven minority shares, one investor might be Steve Cohen


According to Steve Marcus of the Ny Newsday, the Mets have completed the sale of seven minority shares of the team for $20 million each, a person familiar with the process said Wednesday.

The source said the seven units are "signed and sealed." Another source identified one of the investors as billionaire hedge fund manager Steve Cohen.

The Mets declined to comment on the status of the sales or Cohen's involvement. A spokesman for Cohen declined to comment.

The club has said it intends to sell 10 units, for a total of $200 million, to pay off existing loans and help with operating expenses during the upcoming season. No timetable was given for an announcement of the agreements. A person with knowledge of the situation has said the investors have been vetted by Major League Baseball.

Saturday, February 18, 2012

Mets have "no interest" in pitcher Scott Kazmir at this time


David Lennon of New York Newsday reports that the Mets have no interest in Scott Kazmir "at this time."

Buster Olney of ESPN.com reports that Kazmir averaged 86-89 mph and topped out at 91 mph while throwing for approximately 10 teams Friday in Houston. The Mets were mentioned as a possible suitor earlier this week, but Matt Cerrone of MetsBlog.com was told that they were not in attendance.

Still, it wouldn't be surprising if the 28-year-old southpaw landed a minor league pact from someone.

Tuesday, November 15, 2011

Mets are targeting Jason Marquis to replace Chris Capuano


Ken Davidoff of New York Newsday reports that the Mets are interested in free agent right-hander Jason Marquis.

Davidoff writes that the Mets view him as a replacement for Chris Capuano, who is aiming for a multi-year contract this winter. Marquis, 33, posted a 4.43 ERA over 23 starts this season between the Nationals and Diamondbacks before he suffered a fractured right fibula in mid-August.

It could be a good fit, as the Staten Island native will likely look for a one-year deal in hopes of reestablishing his value and hitting the free agent market again next offseason.
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