Originally posted on Mets360.com  |  Last updated 9/23/12

26 Oct 1998: Mike Piazza of the New York Mets shakes hands with Mets Owners Fred Wilpon (R) and Nelson Doubleday (L) during a Press Conference in New York City, New York. Mandatory Credit: Jamie Squire /Allsport
The minor league players have left the clubhouses and the major league season is heading towards the playoffs. There’s plenty of coverage here from the other writers regarding what will go on in October, so I’m going to move down to the end of the dugout and revisit a subject I wrote in length about on my old blog. It’s important for every fan to fully understand the current financial situation of the Mets. We’re not talking about the Bernie Madoff mess, which is old news for the bean counters on Roosevelt Avenue. No, this is a ‘money in, money’ out analysis of a business that is currently prevented from competing against their competition who have more assets rather than debtors. For starters, I ask all of you to read Howard Megdal’s outstanding e-book, “Wilpon’s Folly: The Story of a Man, His Fortune, and the New York Mets”. Click on the link to purchase at Amazon. As a Mets fan, it’s the best $10 you can spend. My credentials to write this series of posts are simple: I held vari...
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