The Mets’ partial ownership drama is drawing to a close, with billionaire hedge fund manager Steven A. Cohen in the lead to claim a minority stake in the franchise, according to the New York Post.
Commissioner Bud Selig is taking away control of the Dodgers from owner Frank McCourt, whose troubled finances have seemingly paralyzed the once-proud franchise. Sound somewhat familiar?
By now we all know the Mets’ owners are trying to sell a portion of the franchise. According to the New York Daily News, the Wilpons and Saul Katz are one step closer.
The financial woes keep piling on for the Mets. According to the New York Times, the franchise lost nearly $50 million in 2010, and this year’s losses may look similar.
Forbes’ annual report finds the average value of Major League Baseball teams has increased 7 percent from last year to an all-time high of $523 million. That’s great news, especially for the Yankees. Not so much for the Mets.
Forbes released their annual list of the NBA’s most valuable teams on Wednesday, and according to the magazine, the Knicks have overtaken the Los Angeles Lakers as the NBA’s most valuable franchise.
The charming collectibles have been on view for 25 years in a series of dioramas and vignettes in the lobby of the Forbes Magazine Fifth Avenue headquarters in Greenwich Village.
The average value for NFL teams has fallen for the first time since Forbes began keeping track in 1998.