I read an interesting article at Baseball Prospectus by Biz of Baseball’s Maury Brown, who sheds new light on some of complexities regarding the financial turmoil that has engulfed Mets ownership in the aftermath of the Madoff scandal.
Interestingly enough, Brown corroborates some of the things I’ve either speculated here on MMO as well as a few things I reported based on what an MLB source told me.
Lets jump to Brown’s conclusion which echoes what I’ve been saying for months here:
Brown characterizes Mets ownership’s money moves as a ‘shell game,’ which ultimately could help keep them keep control of the team.
This is coming from a journalist who is widely regarded as one of the finest and most knowledgeable reporters in the industry when it comes to business as it relates to baseball.
Brown also indicated that that too much is being made of the $25 million loan to MLB, as well as the SNY loan, which he says is essentially a no-interest loan that can easily be restructured.