WSJ "Sports Analyst" Says That the Wilpons Are Broke

[bmfc1]

http://realdirtymets.com/2012/11/11/rumor-wsj-sports-analyst-says-wilponsmets-broke-ownership-turnover-imminent/

Read it and hope he's right about a change in ownership.

Edited November 11, 2012 by Guest

[Guest Swan Swan H]

I'm not saying he's right or wrong, but he's not a financial analyst, he's a fantasy football analyst.

[TransMonk]

Haven't we known for a couple years that the Wilpons are broke?

[Frayed Knot]

bmfc1 wrote: Read it and hope he's right about a change in ownership.

Read what, there's nothing much to read except for a couple tweets saying that some guy is saying that someone else is saying so.
That doesn't automatically make it NOT true, just that this "news" of it isn't very illuminating.

The part about Bay doesn't seem to hold much proof. Last week's stories about his release all said that the deferral was just a small portion and wasn't for a very long term. Whatever the amount of the deferral amounts to hardly seems like the difference between being solvent or not, even temporarily, or to be much of a headache for the next owner. Hell, they ate half again that much in one bite last year with Castillo & Ollie.

Haven't we known for a couple years that the Wilpons are broke?

There are enough variations on the definition of "broke" that, even if they are defined that way, we don't really know what it means.

[Edgy MD]

So he's not a financial analyst and it ain't the Wall Street Journal publishing his account.

We'll see. Obviously, there's broke and there's broke. Myself, I'd love to be as broke as a Wilpon.

[ashie62]

IMHO..Darren Rovell of CNBC is the best sports business reporter bar none.

[ashie62]

bmfc1 wrote: http://realdirtymets.com/2012/11/11/rumor-wsj-sports-analyst-says-wilponsmets-broke-ownership-turnover-imminent/ Read it and hope he's right about a change in ownership.

Not a financial analyst dude..not even CLOSE!

[bmfc1]

I was just passing along someone else's information. Believe it, don't believe it, I don't care. We'll see if he's right. The Wilpons have given us no indication to show otherwise.

I changed the thread title to reflect the title he gave himself in his Twitter feed.

[ashie62]

bmfc1 wrote: I was just passing along someone else's information. Believe it, don't believe it, I don't care. We'll see if he's right. The Wilpons have given us no indication to show otherwise. I changed the thread title to reflect the title he gave himself in his Twitter feed.

True about the wilpons for sure!

[Edgy MD]

"Read it and hope he's right about a change in ownership" suggests you do care.

[bmfc1]

The author of the comment which I was just passing along "FYI" deleted the tweets.

[Ceetar]

bmfc1 wrote: The author of the comment which I was just passing along "FYI" deleted the tweets.

and said he had no special info just hearsay.

[TransMonk]

But, again, would this really be news? I think (regardless of the validity of this report) that the writing's been on the wall for a while.

I will say that with every passing day my optimism about re-signing Dickey or Wright fades.

[Edgy MD]

If somebody from a major national newspaper really offered inside information that the game was done and the race was run and that the sale was imminent by X date, sure it's news. Else, it's speculation amplified by a wishful fan base, many of whom like to play journalist in the blogosphere.

[Frayed Knot]

Ceetar wrote: bmfc1 wrote: The author of the comment which I was just passing along "FYI" deleted the tweets. and said he had no special info just hearsay.

IOW, his employer found out about the tweets and laid some version of; 'stick to your fantasy stuff and stop pretending to be a journalist while you're on our payroll' on his ass.

[MFS62]

The values of commercial real estate in the New York area have been climbing recently, and that benefits the holdings of Sterling Enterprises. They might have made enough money from this rebound to offset any on-paper losses of their baseball team, and more. (Not figuring in any Madoff plusses and minuses)

This is like Ted Turner saying he lost money on the Braves while he was making gazillions from his tv station that carried the games.
Its just a question of which pocket is holding the money.

"Broke" means they can't pay their rent or heating bills. I don't think the Wilpons are "broke" by any stretch of the imagination.

Later