Wilpons Looking to Sell Minority Stake in Mets

[NAHSTE]

Forbes currently values the Mets at -$225. Yeah, that's negative 225 million.

[EmpireWF]

lmao at the misguided Braves fan.

The Mets franchise is valued at $858 million by Forbes.

[NAHSTE]

lmao at the misguided Braves fan.

The Mets franchise is valued at $858 million by Forbes.

:orly:

http://blogs.forbes.com/mikeozanian/2011/02/02/the-new-york-mets-book-value-negative-225-million/

Now all this debt could very well come crashing down on Wilpon as a result of his involvement with Bernie Madoff. As I wrote earlier, the Mets and their lease to Citi Field are worth about $845 million. But there is $375 million of debt attached to the Mets franchise and $695 million tied to the ballpark, leaving these assets with an aggregate negative book value of $225 million.

[EmpireWF]

:orly:

http://blogs.forbes.com/mikeozanian/...e-225-million/

Yep, saw the guy's blog. Regardless of such debt, the value of the franchise is the $800whatever million number.

Which doesn't even count their stake in SNY which is worth a shitload, too.

Besides, a lot of local people talking about how his calculations may not be on the up and up.

http://espn.go.com/blog/new-york/mets/post/_/id/13897/mets-under-water