Originally posted on Mets Merized Online  |  Last updated 1/7/13
Recently Josh Kosman of the New York Post reported that the Wilpons have refinanced $450 million in SNY debt. Subsequent clarifications in the NY Times and Forbes explained that they refinanced an additional $250 million and still managed to cash out $160 million. They aren’t entirely out of the woods, but there is a growing consensus that they may yet manage to hold onto the team, and they almost have to don’t they? The Mets are really all the Wilpons have. No one cares about office buildings or investment securities, but the Mets, well, the Mets have a mascot with a giant head who lacks vocal cords — the Mets get airtime on Letterman and the Daily Show and Family Guy. It is thus perhaps as good a time as any to consider how Fred Wilpon came to own our Mets in the first place and what this ownership group continues to represent for fans who desperately want to believe there is yet hope for our franchise. Wilpon and Katz have always appeared vulnerable to the perception that they bu...
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