New York Mets principal owner Fred Wilpon said his family is finally past their financial debt problems and that general manager Sandy Alderson has the financial flexibility to make major free-agent signings in upcoming offseasons.
Reasons for improved financial stability is the result of the rebound of real estate, his primary business, as well as stock-market gains and SNY, in which the family owns a majority stake, thriving.
“It’s all in the rear-view mirror,” Wilpon said about past financial woes Wednesday, after arriving at the team’s spring-training complex. “… The family is in great shape. The family really is in great shape. Sometimes luck is the residue of design.”