6/12/18

Editorial Statement – A Declaration to Mets Ownership

11 comments



Editorial Statement – A Declaration to Mets Ownership


Good morning everybody.

This is Mack, the owner and editor of Mack’s Mets. We’re been some form of a Mets blog since 1996 and finally settled into this site years ago.

I have had well over 50 different writers write here and, right now, we are dominated by five… myself, Tom Brennan, Reese Kaplan, Mike Friere, and, our newest addition, Erica Lay. Others currently write here, but their recent contributions have been few and far between.

I can’t speak for my fellow writers, but I am quite frustrated with the results from the parent club this season. My strongest concern is can this team ever turn this around under the current management and ownership.

I’ve told you many times in the past that you need to cut off the head of the snake to make something this bad change. Field direction could be better, even front office decisions should made by new younger blood, but none of this is going to matter in the long run if the owners of this business have the business acumen and baseball knowledge of those two guys in the balcony on the old Muppets television show.

Simply put, the Wilpon family needs to divest their ownership position in both the New York Mets and the SNY Network.

 I’m sure they are proud of their financial picture. They should be. And I’m sure internal accountants would be proud of the profit margins that have been grown since the days they begged people like Jerry Seinfeld to invest in the team and pull their corporate asses out of the fire. The problem here is that, if the Mets were The Stage Deli, the increased profits were derived by selling more bologna and less pastrami.

Profit is good. And the Wilpon family are successful businessmen. But their success lies in the real estate business not the business of baseball.

There must be a groupie factor here that makes this family stay as owners of the Mets.

The profit margins in high-end city ownership and rental space are far greater than owning a failing sports franchise.

And these guys should understand how far a refurbishing could go. A fresh coat of paint (new manager), some new kitchen cabinets (new General Manager), some new carpets (scouting system) and literally new dollars can be gotten for the same product that was unrentable a month ago.

I’ve told you many times that all these people know is money. And, if you take it away from them on a consistent basis, they will take the remainder of their money elsewhere. I’m sure they love to walk on the field and take their grandchildren in the bullpen, but supply and demand has always been the one barometer great business people fall back on.

Great business people who own hotels want your stay to go well, but they only really care if the hotel was sold out when you stayed there.

Restaurant owners love a good review online, but they can always erase the bad ones which will lead to their real goal… have no tables available.

And these guys probably know all the words of the ‘Meet the Mets’ song, but they have a fiduciary responsibility to their investors and Board of Directors to derive more income from ticket sales, parking fees, vendor rents, and merchandising purchases than the monies spent on operating the team, funding the suits, and paying the players.

I keep calling for the fans to stop attending these games in protest of the current ownership, but, as of last night (Sunday), I just don’t see that many empty seats. You can’t play worse baseball than the Mets are playing in June and yet nothing changes. The only protest is a feeble one on Twitter with a bunch of one liners about how much this team sucks.

Folks, I love this team. And I especially love the players I have met and the ones I am currently meeting online as they join the organization. This isn’t a player problem.

It is, and always have been, an ownership problem.

Fred… Jeff… I know there is very little chance that you are reading this and, if someone in the front office is, I don’t expect them to leave a copy of this in your in box, but if you do, please sit back and realize what you are creating here.

Hundreds of thousands of fans are literally sick over what is happening under your watch.

You have the power to make this a better world for all the Mets fans out there.

I no longer ask that you change General Managers. Sandy has been a loyal soldier for you and I understand how important that is in the business word. What I do ask is you sell your interest in this team to a new investment group, like the one that bought the Marlins recently.

The team needs more than a jump start guy. It needs a rebuild and only new, younger baseball experts can pull that off.

And to the fans…

You must put the pressure on here. I know you love hopping on the ‘7 Train’ and heading out to the game, but the buck stops with you. Stay home and either watch it on TV or follow it on the computer. Or even better. Take your significant other to Central Park and have a nice romantic walk (but get out of there before the sun goes down).

11 comments:

Thomas Brennan said...

Too bad sports isn't like politics. If the Wilkins ran against Nancy Pelosi, they would get trounced.

Fans...hate...how...they...have...mishandled...this...team.

Sell your majority stake...make fans happy again.

Thomas Brennan said...

I hate my tablet...Wilpons, not Wilkins

Rustyjr said...

My sentiments exactly Mack

Robb said...

Im not routing for anyone to die, especially not fred wilpon, who has given tons of money to charity and considering he is a commercial real estate developer, which is a strike against him, seems like a good and decent man. However, when he does die, they will probably sell the team. The tax bill on the inheritance, plus the Katz family's seeming desire to get out of the business will probably force either a full sale or a majority sale share. No one but them knows the % of ownership, but even if the katz family owns 20-25% it would probably trigger a debt restructuring and dissolvement of the holding company which has access to other lines of credit.

In case you're wondering why the yankees were able to stay in the steinbrenner family hands, he died in the 12 month gap when there was no federal inheritance tax, saving them untold millions and left them without a giant bill to pay so they had no reason to even consider selling the team. The wilpons, will need cash to pay their taxes and its not like there is a lot of liquidity remaining in their assets at this moment. considering what we already know.

Reese Kaplan said...

That's all the more reason why they should divest themselves of this pressure and go enjoy playing golf.

Bob Gregory said...

As a fan.....
Is it worth all of this?

It will be a looong time before the Wilpons give up their ownership.

Apparently it is said that they will not change their ways.

Apparently it doesn't matter who the GM is, meddling will result in ineffectiveness.

Is it in any way enjoyable to be a fan knowing all of this?

Is any enjoyment attained worth the aggravation?

With 29 other teams easily followed closely with today's technology, what additional value is their in remaining a Met fan?
Pride? Stubbornness?

Thomas Brennan said...

Bob, those who collectively remain Mets fans are much more tepid in terms of collective interest. It will show in a sag at the gate and in TV viewership, unless a magical turnaround suddenly occurs.

Odd as it is to day, with the recent pitching quality, it is not impossible. Right now, assuming Thor is OK, six quality starters.

It, however, seems like it really is impossible when Ramos (on DL 16 days, what's the story?), Familia (ditto, but less DL time), Cespedes (50% of games since signing new contract), and aching Wilmer are not coming back today. If all 4 were, and Cabrera were OK too, it could have been interesting.

Now, it will take a miracle in 2018.

We can always hope for the # 1 draft position.

Eddie Corona said...

thats what I am looking for Tom...

Eddie Corona said...

separate note any news on Panick?

Bob Gregory said...

Tom

If we look back at the past 5 years, or so...

Couldn't the same hopeful things have been said, just substitute different names?

Mike Freire said...

Well said, Mack.......I look at the Dodgers and how much better their team has been operated since they were sold to a different group (the extra money spent is helpful, too).

We need a new ownership group that will prioritize winning first and profits second (believe it or not, both of them can be done at the same time).

The team lacks focus and has gotten their priorities out of whack, if you ask me.

Mack's Mets © 2012