Mostly it means that calls for Commissioner Selig to step in with the Mets the same way he has with the Dodgers, or accusing him of having a double standard with his good friend Fred Wilpon have mostly been premature. The Mets and the Wilpons might be in financial trouble, but for the most part they’ve gone about trying to shore up their short-term issues in a responsible way by seeking to sell a stake in the team. They’ve done that now, and not only is this a great deal for Einhorn, it’s a great deal for MLB and the Mets franchise. I can only assume this will alleviate most of the Mets’ cash flow problems in the short run, while insulating the franchise itself from associate risk in the long run.
Why? Because Wilpon is putting the risk on himself. If things don’t go as planned and the Wilpons aren’t able to return Einhorn’s investment, then Wilpon simply has to sell more of his stake to Einhorn and lose his majority owner status.… Click here to read the rest