The New York Mets and Los Angeles Dodgers by much more in common that baseball commissioner Bud Selig wants to admit. Greed, excess, commercialism, power - the ills that come with the usual features of billions of dollars, and people who live in the Netherworld, rewarding their efforts.
Baseball, two problems of children weaseled their return to first-line baseball on Thursday, filling the vacuum created in the month of September, which seems just as exciting as the tournament canasta, the senior center. Instability Dodgers and Mets have a long joke in baseball circles. And that was too rich, too ridiculous to even the most skeptical declared.
The same day, the owner of a hedge fund came out of an investment of $ 200 million and the Mets left them in financial limbo, again, a businessman from Los Angeles Dodgers have offered 1.2 billion dollars to buy - no specific data on the number 10, "Some institutions state investment, the People's Republic of China", according to a letter obtained by The Los Angeles Times.
So the family took advantage of Bernie Madoff Ponzi still owns the Mets, and China, tired of the U.S. debt is the relegation of the International League League East, which runs its sports franchises.
That sound you hear is hitting the back of baseball face - again and again and again. It's one thing for the Texas Rangers in the territory of overflight, and do not survive the process. Another thing is to see two MLB franchises gem - one in each of its two main markets - their dirty laundry on a line of evil that stretches from coast to coast.
Of course, the success of the Rangers last season dampened focus on their financial problems. He spilled the story. As were the team with the owner went bankrupt, were the team that won in spite of the asshole. The Mets and Dodgers have not found such fortune. The Dodgers are 66-70, the Mets 66-69 - both clip art in 0480, playing the brand of baseball is known as the paint dries. His mediocrity is usurped by the chaos around him.
Issues mirror hometown teams. About Dodgers are too large: the emptiness of Dodger Stadium, the release of owner Frank McCourt and Jamie divorce and emptiness of the bids will Dodgers.
This is not the first billion-dollar offer for the team according to sources close to the situation. And 'the last, a source said, the cheapest online, trying to take advantage of Frank McCourt Dodgers is a weak grip. Details of lead investors by Bill Burke has proposed, as the Times, suggests that both would be almost impossible to complete. Burke wants to buy to close within 90 days, almost impossible, according to Major League sources, since the review process of the League of ownership - in particular, that there is a lot of money from a foreign company - would be expected to take much longer than three months.
Even if he knows baseball Asia business - Nintendo, Japan, owns the Seattle Mariners - to flirt with China are much more complex. McCourt tried to investors Chinese partner two years ago, one of his trying to take advantage of a franchise that has collapsed under the weight of his spending and his wife. They bought the estate - a painting, is not among the seven who actually owned a wedding - and make it fall into foreclosure. Dodgers today remind us that such a mess, looted, and tired looking, and perfect for those who want to distressed assets - those who see the billion-dollar franchise, now worth more than $ 800 million, according to Forbes, and probably less because it will take years to correct the rescue team to McCourt induced dyspepsia.
Mets 'situation is so cold and ominous as the Dodgers' is slick and greasy. Owner Fred Wilpon, who has made money in real estate and allegedly raked in millions by Madoff, is in a severe liquidity crisis as a trustee for the victims of Madoff seeking $ 1 billion from him in return - the money does not. Things were so terrible, sought outside investors for cash infusion. In came David Einhorn, 42 year old prodigy stock-picker, a hedge fund is worth $ 5 billion and be happy to buy a 33 per cent for the Mets $ 200 million.
Einhorn also wanted to be able to buy most of the Mets on the road, and while he and Wilpon tango made a friendly takeover for months, the case was doubtful whether the jump. He collapsed Thursday, irritable arguments through the control team's future. Wilpon, and McCourt, does not sell the franchise. His company is already under threat from a party was not going to let another slip in and steal it.
The Mets have already discussed the purchase of part of the team with a good banker Ray Bartoszek agree with Einhorn agreed. These were not discussions in good faith. The Wilpons Einhorn used to buy time to fix their economy and now wants to sell 10 units of the team to minority investors for $ 20 million per pop.
Give it up Wilpon Irving Picard, the trustee is forced to pull the Mets into the cold, dead hands. The judge expects the case to decide if the process at the end of the month, and has already set a date for trial, if it does: March 5. MLB McCourt took over the franchise when attempting to access below-market-media rights agreement threatens the values of the processes of 29 other teams', and McCourt, as is customary, came to the litigants.
This leaves two of the jewels of baseball thank you ... courts. It is a sad place to be either, it is a harrowing for both. The growth of a baseball $ 1 billion to 7.5 billion in 20-year reign Selig had his victims, and the Dodgers and Mets are the greatest. McCourt bought the Dodgers with credit, and its disappearance mirrors America. Picard wants to prove Wilpon was not deceived by Madoff, but was an active participant in the project. These are not stories that MLB wants to be together.
Yet it is all part of the sausage process, when the league revenues will increase so much and so quickly. The cities are held hostage and pour tax money into a stadium privately owned. The prices of tickets and concessions and the costs drastically. Sometimes not enough.
'S, Mets and Dodgers Baseball Kid Gone Bad, and the red stepson, who was the case. They may not be identical but are related, tied together by greed, even for profit and power that has dragged them to escape from the Netherworld is no time soon.
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