Satire—The New York Mets are being sued by the victims of Bernie Madoff’s infamous Ponzi scheme. Things must not be going well in lawyer land, because Met owners Fred and Jeff Wilpon are looking to sell chunks of the team to raise cash fast.
They put it this way: “To provide additional assurance that the New York Mets will continue to have the necessary resources to fully compete and win, we are looking at a number of potential options including the addition of one or more strategic partners.”
To facilitate the fire sale, the Mets hired a high-priced mergers and acquisitions firm. But some observers are saying that’s throwing good money after bad. They contend there are other ways the Mets can avoid a financial crisis.
Here are some of the most promising options: