MLB is banking on Mets woes and may jump to take control as Wilpons will soon feel the financial squeeze
Source says cash crisis on club may go beyond control of Bud & Co.
On the day after word was leaked of the Mets taking out yet another loan, here is what you heard Tuesday from Major League Baseball officials: The walls are closing in on the Wilpons.
Nobody was saying that Bud Selig is ready to give the Mets owners the Frank McCourt treatment, and start chasing them toward the door. But neither was there any mistaking the growing concern from inside the MLB offices about the state of the franchise.
“They have a lot of things coming due,” was the way one MLB official put it. “They need some things to happen fairly soon.”
The official went on to explain that the banks, more so than MLB, are likely to start squeezing the Wilpons.
“They’re sort of at the end here with the banks and everything else,” the official said.
Suffice to say there is now a level of pessimism among MLB people about whether the Wilpons are going to survive their financial problems, which have become more of a topic of conversation than ever since Sandy Alderson told the world last week the Mets recently lost $70 million unrelated to the ongoing Bernie Madoff matter.