Mets Hire Firm that worked in Rangers Bankruptcy

It has been known that the New York Mets have been financially in trouble that they have hired the consulting company that has worked with the Texas Rangers during the teams 2010 bankruptcy. The team has stated last Thursday that the Mets Limited Partnership has negotiated with CRG Partners in order to provide services in connection with the finances and budgeting. Mets recently had reached out to non-controlling share holders to help with the finances of the Mets organization following the collapse of a potential deal with Hedge Fund manager David Einhorn. If that wasn't bad enough, the Mets currently owe Major League Baseball $25 million, a loan that was suppose to be repayed in November and has been extended until March; and owe Bank of America $40 million.

As a fan I wonder to myself what are the Wilpons actually thinking with all this going on. How can they make us fans suffer year after year? Even with all the money they have outside of the Mets with other investments, why continue to lose money every year and not even try to fix things. I personally think the Wilpons should consider either bankruptcy or just sell the Mets because we as fans don't deserve this kind of treatment. New York Mets fans are by far the most passionate fans I've ever seen. All we can do is hope for a mircale to happen for this organization by way of new ownership and developing the youth in our minor league system. Sandy Alderson reported last month that the team lost $70 Million and didn't put a timeframe for the losses. Even with the Mets losing that much, they still are trying to deal with the Madoff Ponzi Scheme they are being sued for. The trustee victims originally wanted $1 billion from the Mets, saying the Mets should have known that the money they were collecting from the Ponzi scheme represented phony profits. Fred Wilpon and Saul Katz have denied these claims. On September 27th, U.S District Judge dismissed 9 of the 11 counts, limiting the Mets ownership to $386 million. A trial will be scheduled for March 19.