how to remove errors on your credit report equifax credit report cost how to dispute inquiries on experian credit report can u view your credit report free credit report dispute addresses experian go get your free annual credit report sample letter remove charge off credit report reliable credit reports how long does a paid judgment stay on your credit report the fair credit reporting act applies to get free copy your report online annual credit dispute medical bill credit report all free credit report commercial lyrics how do you get rid of how to fix a bad credit rating credit scores range the earth rotates from what to what check credit reporting inc buffalo ny fact annual credit report affinity credit plus mn dispute your credit report 3 credit scores reports fico fair credit reporting act summary your rights how to clean up my credit report myself for free how to cancel my experian credit report free credit report and score without credit card can request credit report deceased spouse how to report tax credit fraud how to clean up a bad credit report service annual credit reports get your free can i dispute inquiries on my credit report credit report online without using a credit card free annual fdic credit report capital one free credit report free credit report annual experian personal statement examples credit report report credit card comprehensive credit reporting nz free background checks online without credit card free credit rating credit report south africa how long do negative items stay on my credit report dispute credit report experian address 8 credit bureau report instant credit shoe repair findlay ohio us government free credit reports credit score all 2 reporting agencies dispute inquiries credit report letter request free fico report denied credit equifax has access my credit report charge off credit report does mean request free credit report california fix my credit free creditors obtain free credit report after being denied credit experian business credit reports free own how to access your credit reports for free free credit report band wikipedia government website for free credit report how to check credit report for a minor reports judgments credit reporting agency where can i get my yearly free credit report free credit report without using credit card information checking where to find credit score on experian report get my free credit report all three how do i dispute an item on my credit report free credit report hurt my credit score dispute on credit report transunion who is the guy that does the free credit report commercials how how do i know if i freeze my report free credit global wealth report credit suisse 2010 get my free transunion credit report most secure site for credit report what is free credit report bankruptcy laws and credit reporting free credit report score government site annualcreditreport how can i obtain a free copy of my credit report credit report 1 time charge how can you get credit cards with bad credit authorization to pull credit report template credit report without credit card information union how long do collections stay on credit report how to challenge something on credit report consumer financial protection bureau credit reporting agencies monday top 3 free credit reports safe free credit report sites review how much does experian credit report cost fair credit reporting act credit cards order credit report equifax canada best report service landlords credit checks credit report lock credit appliance repair lawton ok how to get a free credit report without giving a credit card number free copy of your rental / credit report credit report info fair credit reporting act definition consumer complaints agency payday loans online no credit check ssi benefits online best site get free credit report score letter to remove paid items from credit report experian consumer credit report address credit report from government what shows up on a credit report read sarma credit report how to get your credit score from your credit report how to free credit reports online instantly actors in free credit report.com commercials credit suisse equity research reports bad credit cash advance direct lenders australia get free government credit report example of a good credit reporthow to repair my own credit report how to run credit report on renter consumer consumer report canada magazine free bureau report online credit scores credit report reporting deceased loan free credit report no cost how to report a judgement to credit report what are the top 10 best credit repair companies reviews natwest credit check experian fair credit reporting act consumer disputes free online credit report check three credit reports bad credit report repair official government website free credit reports how can i get myspace annual credit report free help reading credit report how to dispute my credit report order free credit reports phone 3 in 1 credit report with fico score best free credit report damages violations fair credit reporting act fcra global sovereign credit risk report copy credit report score free credit report from government once a year cbc innovis credit bureau reports how long does negative information remain on your credit report what does the kd mean on my credit report how do i get a free credit report for my business report all bureaus credit scores how to get a copy of your credit report australia my free credit report florida business reports uk credit check what is annual credit report request service national credit reporting agencies australia repair your credit report yourself 3 free government credit reports free credit report identity theft victim ordering credit reports phone checking my child us credit report get free credit report american express colorado credit report free annual maryland fair credit reporting act promotional inquiries my credit report where can i get a credit report free fix credit reports fast what is a good free credit report website fair debt collection practices act fair credit reporting act employment credit report illinois do utility companies report to credit bureaus does can credit repair help can i report to credit bureaus as a landlord free credit report federal laws remove chapter 13 bankruptcy credit report credit card balance update credit report credit reports from all 3 agencies how to obtain my credit report in canada why can;t i get my free credit report medical bill credit report long does chapter 7 bankruptcy remain your credit report what is credit reporting cdia credit reporting resource guide all 2 credit report and scores how to fix personal wrong information on credit reports bank of america credit reporting errors how long do collections remain on credit report in canada personal credit check registrar of companies - jamaica credit suisse global wealth report pdf sample letter dispute item credit report get free annual credit report experian free credit report canada no credit card loans online my free annual report transunion credit history how to correct a bad credit report free 3 bureau credit report and fico score how to quickly clean up credit report credit repair school miami can i pay off a personal loan with a credit card dispute information credit report experian remove collections from credit report canada official us government credit report how to dispute personal information on credit report how to get credit report from all 3 bureaus how can you correct errors on your credit report credit score moving companies three rivers mi experian credit report forum how to report positive credit to credit bureau hsbc free online credit report free credit report no credit card online loan security freeze on my credit report monthly credit reports updated secured credit cards reporting to credit bureaus get items removed your credit report when does capital one report to credit agency can;t get credit report from equifax three credit report score which credit report do apartments use anual credit report . com credit report texas report credit landlord reporting tenant to credit bureau how to remove inquiries off your credit report bad credit loan companies in wv credit report service for landlord dispute credit information credit report car loan not reporting credit bureau how do red clean up your credit report for free fcra credit report dispute credit report delinquency two most common errors on credit reports what is credit total check customer service phone number get all 3 bureau reports credit scores can you dispute a judgment on your credit report how do i correct something on my credit report how do i order my experian credit report how do you run a free credit report new york fair credit reporting act disclosure annual free credit report request free credit repair form letters put watch your credit report read credit report credit reporting agency does mortgage companies use trans canada credit ottawa what are the major credit reporting agencies entitled free annual credit report lawyers best credit cards for credit repair best credit report free how do you get rid of hard inquiries on credit report sovereign bank report lost credit card ftc free report video annual credit fair credit reporting act tenant screening what happens when i dispute my credit report fair credit reporting act july 2010 how often am i entitled to a free credit report paid credit report online how long are charge offs on credit report my yearly free credit report free how to get late payments off my credit report privacy act credit reporting code of conduct how to get my credit score free free credit report commercial predictions equifax annual credit report request form get your free credit report without credit card 3 credit report agencies numbers credit reporting law australia instant credit report hallmark australia free ecards my credit report online how to dispute bad credit reports what to say when disputing items on credit report trw free credit reporting experian equifax credit report request form free report usa online credit scores phone number for annual credit report request service pay chase health advance online application what sections does a credit report contain comparison of free credit report websites how do you obtain a freeware copy of your credit report does rels mean credit report what is poor credit scores equifax credit score report free how do i cancel my free credit report.com membership disputes on experian credit report free annual credit report 1 bank of america credit report monitoring how to get a collection account removed from your credit report all in 1 credit report credit report credit card settlement how long can a bankruptcy stay on your credit report how can i clean my credit report up find out your credit steelers score tday 3 one credit report fico online payday advance direct lenders denied credit report freeware experian disputing credit report experian sm4-4 please correct my credit report credit risk reporting tools fake best free credit report sites surname band does free credit report commercials free 3 bureau credit report credit union performance reports three major credit reporting legitimate site get free credit report how to report stolen credit card chase best way dispute items credit report free credit report and federal government how long does chapter 7 bankruptcy stay on credit report 3 credit reports scores free free credit report gov uk lenders how to get a free credit report from transunion pro credit free credit report one time only free credit report equifax how to remove inquiries on your credit report where can i get my annual credit report free how to dispute items on credit report online real credit repair agencies in houston experian average credit score credit report usa pdf credit rating agency care free credit report usa gov website government once a year credit report number of inquiries on credit bureau report how long does it take to dispute items on credit report consumer credit reporting agency credit bureau reporting requirements what is the best credit reporting agency to use dispute experian credit report by mail three nationwide credit reporting companies debt credit repair for dummies credit agencies working problems with tax credits free online credit report no credit card required obtain yearly free credit reports sample credit bureau report singapore does getting your credit report lower your score removing a charge off from your credit report get my free annual report online credit score how to clear judgements on credit report long term bad credit loans does collection account mean credit report how to remove a judgement from your credit report get three credit reports free how to find out what is on your credit report free credit report website federal trade state of massachusetts free credit report free canadian credit report score clean up my credit report myself letter to remove credit report inquiries rebuild credit after bankruptcy definition credit reporting company buy one off credit report how long does it take for a short sale to show up on your credit report which is the best free credit report site credit check reporting deceased the big three credit reporting agencies remove inaccurate credit report phone numbers for the credit reporting agencies free credit report 11 reporting agencies unsecured credit cards reporting to credit bureaus cibil credit report singapore credit report dispute samples free copy of credit report how to remove paid collections on credit report where can i print a free credit report fair credit reporting act consumer disclosure and general authorization statement how can i request a copy of my credit report annual credit report access how to dispute incorrect information on your credit report my credit report card info free credit report consumer credit report assistance pull credit report potential tenant getting a credit report uk experian free yearly credit report which credit report is best company restrict number inquiries credit report request free credit report from all three credit bureaus is it true after 7 years credit report is clear do landlords check credit report there free credit report without credit card information experian how long do 30 days past due stay on credit report how often is your credit report updated cheapest three bureau credit report credit union 5300 call reports how to get a medical collection removed from credit report equifax no longer selling credit reports employment can bankruptcy be removed from credit report what is the phone numbers to the credit bureau for credit reports guy sings free credit report commercials free transunion credit report by mail reputable 3 credit score companies free yearly credit report irs free credit report no strings attached lock all three credit reports 3 in 1 credit report with score trans union credit report score consumer credit report rights credit report no monthly fee advance speedy cash dickson tn top free credit report sites equifax number order credit report free annual credit report by law credit report tenant services background check credit report landlords consumer credit reporting agency india free annual credit report site transunion colorado free credit report can freeze my child;s credit report want view my credit report free what information does a credit report contain how do i dispute my transunion credit report can i get a copy of my credit report from my bank three in one free reports credit scores need free copy my credit report which of the following is true about credit reports example letters dispute credit reports free annual credit reports disputes on credit report redwood credit union credit report contest charge your credit report letter to creditor to remove late payment from credit report yearly free credit report all three bureaus experian how do i challenge my credit report when does capitalone report to credit agency how to remove freeze on equifax credit report letter for name change request on credit report free experian credit report how dog i get a free credit report from all three credit reporting agencies how do you obtain your free credit report bureaus how long does a serious delinquency stay on credit report understanding a credit report from transunion free tri merge credit reports how to get annual free credit report online annual credit report us gov ordering credit report prospective tenant all 3 credit reports scores free experian free credit report usaa credit report canada how to find out my credit report free report usa equifax personal solutions credit reports where can i get my credit score and report free does chase offer free credit reports address of credit reporting agencies does title max report to credit read credco credit report does my checking account show up on my credit report how to free credit report annual equifax run a credit report placing security freeze credit reports remove negative closed accounts credit report obtain credit report landlord how to remove a collections account from your credit report should get report all three companies free annual credit credit today credit summit 2013 credit report veda free unreliable credit reports interim report of the commission on credit unions nd on credit report bankruptcy chapter 13 credit report credit bureau report dispute letter victim of identity theft free credit report free credit report gove annual new credit reporting agency cheapest away to get your credit report free credit report ads lyrics pirate check credit report business statute limitations texas credit report experian credit report after denied credit what is the most widely used credit reporting agency how do you get your gone free credit report per year credit card company reports irs do you need credit report rent house sue violations fair credit reporting act bureau how can i dispute my transunion credit report difference between credit reporting agency consumer reporting agency example credit report after bankruptcy fair accurate credit reporting act section 312 dispute credit report online win how do youtube get your free credit report yearly best credit report monitoring website get tenant credit report get your three credit reports free free credit report oklahoma how to cancel free credit report membership joining national credit reporting bureau annual credit report credit freeze how can you get a new credit report addresses 3 credit reporting bureaus does checking my credit report affect my credit free credit report no credit card info bills free three one credit report security guard credit report get free credit report maryland which credit reporting bureau is used most get free credit report without giving credit card information where can you get a free credit report once a year free credit report ii reporting agencies free credit report authorized federal government guarantees what is a hard inquiry on my credit report where can i get my credit report and score for free why do insurance companies check credit reports prepaid credit card reports all 3 credit bureaus free three in one credit report experian three credit reporting agencies mailing addresses my fico free credit report download credit report software reporting agencies credit scores experian free credit report number contact credit report agencies the only true free credit report check free credit report colorado residents how to run a credit report on a prospective tenant free report uk experian credit rating how doo i get my free credit report from all three bureaus credit report lawyer free and credit report free credit report issues how to order a credit report from equifax new free credit report commercial
Home Pete Toms LWIB (Part II): Are the Wilpons and Katz Keeping the Mets? Plus Tidbits

Like Shoot to Thrill - An AC/DC Tribute on Facebook!

An authentic tribute of AC/DC that covers the best of the Bon Scott era and the best of Brian Johnson's material

Who's Online?

We have 799 guests online

Atom RSS

LWIB (Part II): Are the Wilpons and Katz Keeping the Mets? Plus Tidbits PDF Print E-mail
User Rating: / 42
PoorBest 
Pete Toms Article Archive
Written by Pete Toms   
Wednesday, 08 February 2012 12:14

Last Week in Bizball by Pete Toms

This week, a second edition of “Last Week in Bizball”. Can Wilpon and Katz keep the Mets?, plus the tidbits.

ARE WILPON AND KATZ KEEPING THE METS?

Where to start with the Mets woes? Irving Picard, representing the victims of Bernie Madoff, is attempting to extract close to $400 million from Mets owners Fred Wilpon and Saul Katz (aka Sterling Equities). The Mets operating losses over the past 2 seasons are reportedly $120 million. In November, the Mets arranged a bridge loan from BofA for $40 million. MLB also loaned the club $25 million and both are expected to be repaid next month. The baseball club and Sterling’s RSN, SNY, combined, have a reported $375 million coming due in a few years. Attendance and ticket prices at Citi Field have dropped dramatically the past few seasons. This upcoming season will see the Mets slash year-over-year payroll by $50 million plus and the team is expected to stink. They also folded a minor league team this off season. Last month it was reported that the Mets had retained the services of “turnaround specialists” CRG Partners. CRG was one of the key players in the bankruptcy auction of the Texas Rangers. David Einhorn agreed to invest $200 million in the Mets, but the deal collapsed. But, unlike with Tom Hicks and Frank McCourt, MLB hasn’t wrested the Mets away from Wilpon and Katz. Oh well, we cynics think, eventually being an FOB won’t be enough to save the Mets owners. They‘ll soon go bust and the creditors will take over.

But, LWIB there was buzz amongst sports industry insiders that Wilpon and Katz aren‘t leaving MLB any time soon. In this SportsMoney video segment, big time sports banker Sal Galatioto of GSP (no, not MMA) predicted that the many reports of the Mets “near bankruptcy” are “greatly exaggerated”. Galatioto foresees the Mets current efforts to raise $200 million via the sale of 10 minority shares in the team @ $20 million per succeeding. He also sees a lot of value in the Mets media rights. Sterling owns approximately 70% of the RSN (SNY) which broadcast Mets games. TWC and Comcast own the balance. The banker notes the guaranteed value of these cable rights deals, “...when you have a media deal, like a cable rights deal, you’re going to get paid, whatever your rights fee is whether the product is good or the product isn’t good.”

LWIB, Richard Sandomir reported in the New York Times that the Mets are close to finalizing the sale of the $200 million in minority shares. Richard confirms the earlier LA Times report that Steven Cohen (also bidding for the Dodgers) is set to become a Mets minority investor. But Richard’s scoop, and the more interesting development, is that the Mets aforementioned partners in SNY will invest $80 million in the baseball franchise. Howard Megdal explained that TWC and Comcast are motivated to help Sterling maintain control of the club for a few reasons. First, because Sterling owns both the team and a majority of SNY, the RSN lowballs the club’s rights fee, which is good for TWC and Comcast. And, if Sterling is forced to sell the team there is no guarantee SNY would continue to control the Mets local TV rights. Losing the Mets would make SNY worthless because they don’t own the rights to any other properties of significant value.

LWIB, Bill Madden wrote that the expected $2 billion sale price of the Dodgers will be a big help to the Mets owners. According to Bill’s unnamed “industry insider”, if the Dodgers are worth $2 billion, the Mets must be worth $3 billion. “What that means,” said the insider, “is that the Wilpons can now go back to their banks, point to the value of the team, and say: ‘Lend us more money.’”

SELECT READ MORE TO SEE THIS WEEK'S TIDBITS

TIDBITS 

  • The Economist is the latest to weigh in on the debate over whether or not MLB’s introduction (imposition?) of their amateur draft in Puerto Rico in 1990 is directly responsible for a dramatic decrease in the number of players recruited there. This is a topical debate because MLB is considering doing the same in the Dominican Republic, the largest producer of players outside the US. Is MLB dismantling the “buscone” system, and if they are, will they regret it? This is a good piece.
  • There are unconfirmed reports that Tampa Bay Lightning owner Jeffrey Vinik is interested in buying the Rays and building a new ballpark. Evidently this would be part of a larger plan to salvage a failed 230,000 square foot retail development that is the centrepiece of an entertainment district near the Lightning’s arena. I read this in Paul Waldie’s report.
  • I’ve blogged a handful of times here about the challenges that the rapidly growing secondary ticket marketplace have brought to MLB. Put bluntly, too many clubs are seeing too many of their tickets sold at well below face value on the secondary market, cannibalizing primary sales. Most recently I’ve been looking at how clubs are in the initial stages of selling limited inventory via a paperless option. While the introduction of paperless ticketing was no doubt inevitable given our growing reliance on all things digital, I, like many, also believe that clubs are moving to paperless to limit the amount of inventory on the secondary market. Paperless tickets are much more difficult to resell. LWIB, the Red Sox announced that some bleacher tickets to 30 games will be solely available via the paperless option. I’m not sure what to make of this because the Red Sox are not one of the teams seeing their primary sales cannibalized by the secondary market. TicketNews.com reported that the Red Sox “authorized reseller” Ace Ticket wouldn’t comment on the team’s paperless offering. Most interesting to me, particularly given that MLB’s secondary ticketing partnership with industry leader StubHub expires at the end of this upcoming season, was this note: “The digital tickets went on sale February 1, 2012. The plan is part of a digital ticketing initiative that will be implemented across Major League Baseball in 2012.” Hmmm…
  • I noted here last month that the CA Supreme Court upheld the state government’s decision to abolish redevelopment agencies. Redevelopment agencies are frequently used to funnel money into the construction/renovation of sports stadia, including ballparks. LWIB, Angela Woodell reported that the absence of redevelopment money has officially killed any proposal to build a new waterfront ballpark for the A’s in Oakland (aka, the Victory Court site). Oakland will attempt to move forward with a plan for, “…revamping the O.co Coliseum complex with retail, restaurants, hotels and new sports facilities for the Raiders and Warriors. The plan would include a new ballpark for the A's if the team stays in Oakland.” Ballpark Digest thinks that, “All of this puts San Jose one step closer to acquiring a new A's ballpark.” because their plan isn’t dependent on redevelopment money.
  • Ed Sherman reported that the White Sox are expanding their use of dynamic pricing this season. “Virtually every seat at U.S. Cellular Field (excluding those claimed by season ticket holders) will be subject to dynamic pricing.” I’ve lost track of how many clubs are using dynamic pricing but I’m betting that all of them will be within the next few years. Ed doesn’t mention this but I suspect that one of the principal reasons dynamic pricing is being widely adopted is to compete with the secondary ticket market.
  • I’ve mentioned here recently that this upcoming season will see the debut of the Budweiser Patio in the right field bleachers at Wrigley. LWIB I learned that Budweiser and concessionaire Aramark are sharing the projected $500,000 - $1 million cost of constructing the “Budweiser Bowtie Bar” in the right field corner at PNC Park. I learned from Don Muret that Bud sponsors similar spaces at Angel Stadium, Fenway Park (the area atop the Green Monster), Minute Maid Park, Target Field and the soon to open, Marlins Park. Also from Don, “The Bowtie Bar continues the trend across baseball for developing more casual destinations outside of the traditional suite model. “One thing missing from most parks like ours that were built in the late 1990s and early 2000s is a bar-like atmosphere but with a good view of the park,” Coonelly said.” (Frank Coonelly is the club President of the Pirates)
  • I didn’t look at them, but you might. Here are 96 recent pics of the Marlins new digs, including fish tanks.
  • On May 19 San Quentin State Prison will host a baseball game between an All Star squad of inmates and the San Rafael Pacifics of the North American League. Ballpark Digest reports that, “The game is expected to take place approximately between 9 a.m. and noon, with the East Gate to the prison opening at 8:30 a.m.”

You can follow me on Twitter @PeteToms


Pete Toms is senior writer for the Business of Sports Network, most notably, The Biz of Baseball. He looks forward to your comments and can be contacted through The Biz of Baseball.

Follow The Biz of Baseball on Twitter Twitter

FacebookFollow the Business of Sports Network on Facebook

 
 
Banner

Poll

Should MLB Force Jeffery Loria to Sell the Marlins?