Tag: finances

No Balls And Two Strikes

How can two marquee franchises in the two biggest markets in the country be in such disarray? And why are they being handled so differently by MLB? It’s because of the Major League Baseball “Buddy” system.

Bud Selig’s golf buddy Fred Wilpon got taken to the financial cleaners by Bernie Madoff, is now getting sued by the trustee of Madoff’s victims, the Wilpon’s are begging for loans and trying to sell up to 49% of the Mets (so they can still be in control…if only by the skin of their teeth) and the Mets are in an epic state of disarray. But a discussion about MLB taking over the Mets is not on the table.

The LA Dodgers owner Frank McCourt has been dragged through the tabloids because of an ugly divorce, he has run this storied franchise into financial disarray through his real estate dealings (and the hangover from the housing crisis that just won’t go away), and he’s scoring rouge loans from Fox TV (MLB’s broadcast partner) to meet payroll.

So how is it that MLB made a shotgun decision to take over operations of the Dodgers yesterday yet are letting the NY Madoffs Mets continue to beg for funding? I admit not to knowing the gory details, but you can’t tell me that the Mets are in any better a financial or operational situation than the Dodgers. The Madoff – Wilpon situation underscored a question I always had about the Wilpon’s financial “fortune” – how exactly did they do it? Smoke and mirrors come to mind. The McCourt situation is just as big an epic #fail. To me, Selig’s taking over of the Dodgers, and not doing the same with the Mets, reeks of cronyism – a “Buddy” system.

But hey, lets go ahead and keep a painfully long 162 game schedule AND expand the playoffs so we can sit in 28 degree weather off of Lake Erie (or in Fenway or in Yankee Stadium) for the first ever 5 hour long prime time baseball game in December.