Mets Forbes Value Down, Ticket Sales Awful

Gulf Coast League Mets
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It’s a bad time to be trying to sell a piece of the Mets. The 2011 Forbes MLB valuations are out and the Mets are down 13% from 2010, the biggest drop of any team. On average, team values increased by 7%. So the Mets are down 20% from the average team. Forbes noted a $6 million operating loss by the Mets last year and a 25% reduction in gate receipts in their valuation.

Throwing dirt on the Wilpon’s grave, Forbes also noted today that the Mets 2011 ticket sales are frighteningly dismal. They cite a report at MLB offices noting that the Mets have only sold 600,000 tickets so far and are projecting 3 million for potential buyers. The author writes that this translates to only 7,000 season tickets sold to date. That’s hideous!

I have to think the Forbes report will impact the sale of the a minority stake in the Mets. It’s been well reported that the debt against the team is heavy and a lower valuation of the asset is just what the Wilpons don’t need right now. I still think that they’ll have to relinquish their majority ownership at some point in the future.

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Author: Dave Doyle

Although I don’t have a degree in journalism, I love writing about the New York Mets. I’m the typical writer without access. My only accessibility to the Mets is sitting in the stands (often the upper tank) and watching on TV like most fans. I’m not a member of the media, just a fan expressing opinions.