then they would have a top-5 payroll payed for before ticket, merchandise, or concession sales are even factored in.
That’s kind of ridiculous when you think about it.

Beer Money ?.

unless i’m missing something. a lot of valuations are still done with revenue cashflows so thats probably what theyre talking about, but that doesn’t mean that money won’t get gobbled up by things like taxes, massive debt service or, say, a crippling civil law suit (though anyone please feel free to let me know if i missed something).

i think we’re going to see the wilpons fight tooth and nail to keep control of both sny and the mets, since thats how the squirrel away profits from the prying eyes of the public press. owning the content (the mets games) and the distribution (the cable channel) thew wilpons can practice a form a hollywood accounting. since theyre acting as both buyer and seller and they can set the price SNY pays The Mets for games at whatever they want. 60-70m is probably close to enough to market rates but it’s not true market rates. but what it lets the mets do is operate the mets at break even or slight under, while pumping all the profits through the less scrutinized SNY books. If they mets start really loosing money, they can raise the price SNY pays and paper over some problems. If the mets are doing really well, then SNY will pay the Mets less rake in massive profit with channel fees and advertising.

the wilpons still have to keep their SNY partners happy so they cant get too egregious but most other teams have figured this out and it’s why when all those financial documents were leaked a while ago it showed all the tams around the break even point.