Fred Wilpon, the Mets owner, announced today that the Mets will put a minority stake in the baseball organization up for sale. In particular, Wilpon stated that he is looking for a strategic partner, but that is just a euphemism for a capital infusion. You would think that with the expanding cable network, SNY, and the new stadium driving larger revenues, Freddy Wilpon would be financially sound. But, it seems that Freddy Coupons has become Freddy Food Stamps. Even Fred can no longer afford the Shake Shack burgers or Blue Smoke bbq being offered at Citi Field. He'll probably be sneaking food into the stadium like everybody else this season.
Fred may claim that the Mets are not downsizing and will remain competitive in 2011, but the reality is that the team is looking to shrink payroll. However, Mets fans can find some solace in knowing that the team has not been competitive in the past nine years while spending big, so maybe they can't get any worse while spending less.
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