Inside Baseball's Debt Disaster

Burke, Monte; VARDI, NATHAN
April 2011
Forbes Asia;Apr2011, Vol. 7 Issue 5, p64
The article reports on the financial problems faced by the baseball team New York Mets. It is stated that the team's revenues had fallen by almost 13 percent, resulting in an estimated 6.2 million dollars in operating losses before interest, taxes, depreciation and amortization. The banks are also reluctant to lend any money to the struggling team. The Mets have asked Major League Baseball Commissioner Allan H. "Bud" Selig to offers some financial assistance.


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