Good article over at the Post. Didn't see this referenced anywhere here. Wonder what people think.
"The New York Mets owners are in a much tighter squeeze than they are letting on, The Post has learned, and they may be forced to sell a controlling stake in the team. ...
But the team has roughly $700 million of debt, and that should be subtracted from the valuation when calculating what an owner's stake is worth, sources said. Using the $858 million valuation and the $700 million in debt, a 25 percent stake in the free equity amounts to just $39.5 million -- not the $200 million asking price"
Read more: http://www.nypost.com/p/news/business/meet_the_debts_LxWanhwCognOIpjVs8yPIK#ixzz1CjBWxLN4