Crain’s Aaron Elstein on Mike’d Up
Aaron Elstein’s opinion on the Wilpons’ financial problems.
Crain’s New York senior reporter Aaron Elstein talked with Mike Francesa on his Mike’d Up radio program today on WFAN New York. Elstein is one of the ‘top guys’ when it comes to these financial matters. Aaron had to say the following:
He thinks that the lawsuit will settle out of court due to the fact that a trail could open up the flood gates on the Wilpons’ financial holding and the value of their companies.
It’s hard to judge how much money the Wilpon’s have in other businesses and how much they have taken against the Mets and SNY because of the fact Fred and his family are very private and have avoided the press and avoided lawsuits up to this point which is often the main reason why peoples’ financial information gets out.
Aaron sees the Mets selling the team because they could be pushed into bankrupcy and Major League Baseball does not want the Mets to end up like the Texas Rangers.
I trust Elstein’s opinion. He is an accredited author and financial man who is widely respected.
Also, Mike from The Brooklyn Trolley Blogger has an interesting post about whether we (as Mets fans) should be blaming the Wilpons and whether they should sell the team.
Put it in the Books! 