DeLessio: Looking past the World Series, are the Mets still broke?
From Joe DeLessio at New York Magazine on October 29, 2015, with SABR member Howard Megdal:
One of the things that’s made the Mets’ run to the World Series so remarkable is that they’ve done it while operating under the self-imposed payroll constraints that have kept them from spending like the big-market team they are. The Mets’ owners had hundreds of millions of dollars invested with Bernie Madoff before his Ponzi scheme collapsed, and in recent years the team’s finances have loomed over virtually everything the club has done. But could a run to the World Series change all that?
To get a sense of the financial challenges still facing the team, earlier this week Daily Intelligencer emailed Howard Megdal, a journalist and author of the book Wilpon’s Folly, about whether they’re truly moving past Madoff, how much this World Series appearance might help, and whether they’ll be able to afford to bring back Yoenis Céspedes.
Read the full article here: http://nymag.com/daily/intelligencer/2015/10/postworld-series-are-the-mets-still-broke.html
Originally published: October 30, 2015. Last Updated: October 30, 2015.