While Major League Baseball owners and players square off on how to proceed with the 2020 season, hundreds of millions of hard and soft dollars as well as perceived wealth is flying out the window.
The New York Mets were one of the teams that was likely to be hit the hardest by the COVID-19 lockdown and now comes the news that their debt commitment on CitiField has been downgraded.
I’ll spare you the details (reported by Forbes’ Mike Ozanian) but the bottom line is, the Mets are in deep trouble. The Wilpons have been trying to sell the team under their terms and these new developments may force them to abandon their pipe dream of holding onto any portion of majority control.