The Star-Ledger-USA TODAY Sports
New York Mets owner Fred Wilpon.
According to Forbes, the New York Mets finished just outside the top five. Valued at $811 million, at first glance the Mets would appear to be on sound financial footing.
But as Forbes pointed out, the Mets refinanced a loan in moneys borrowed against SportsNet New York, of which the Mets own a 65-percent share. The transaction was finalized at the end of last year and presumably will help in taking care of day-to-day operations.
Mets owners Fred Wilpon and Saul Katz got caught in the middle of the Bernie Madoff Ponzi scheme and were forced to settle with a trustee of Madoff's fraud victims early last year.
Team payroll has also dropped significantly. In 2009, according to USA Today's MLB salary database, the Mets' Opening Day payroll was $149.4 million, the second-highest in the league.
In 2012, the Mets paid out $93.4 million in salaries.
The Mets also took on 12 minority investors early last year who each paid $20 million to claim a small stake in the club.
It's understandable that the Mets are valued so highly considering they're located in the No. 1 market in the country. But with all of their recent struggles, it's still a bit of a surprise to see them at No. 6 on Forbes' list.