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Mets General Manager Sandy Alderson on the team’s financial outlook and losing Jose Reyes to the Miami Marlins.
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-- -- New York Mets getting a forty million dollar loan to help finance the team while they try to raise cash by selling minority stakes in the franchise and with the wounds of losing star player Jose Reyes to the Marlins earlier this month still somewhat fresh.
We have the man who can tell us what this latest round of financing means for the future of the team -- We're proud to involved here in New York -- general manager Sandy Alderson joining us now the Fox Business exclusive.
How this building.
Our nets fans.
To get -- percent and -- -- but you'll hear the time where the workers come out that the team has taken forty million dollar loan.
First I just want to clarify when was that loan taken out.
I'm not sure exactly I think was sometime last month about the time that the Major League Baseball -- was extended.
But as as I said earlier.
-- week -- ten days ago.
That's lost a lot of money last year seventy million yeah it's not surprising to make up for those losses.
You put money in an equity or you take out some additional loans.
I think in this case -- bridge loan was probably the right idea.
And there was a 25 million dollar loan last year so that the appropriate question really is to ask how are and that's financially sound -- Yeah I think with this.
Infusion of of cash.
Together yeah -- Possibility.
I think the likelihood strong likelihood in the next.
Two or three months that there will be additional investors and -- ownership that.
-- we should be good to go over the next couple years -- talking about minority stakes being parceled out.
Are you close to announcing any kind of those deals well.
On the general manager which means that I focus all my attention on the field and -- spend my time with the players in the team so.
From a standpoint.
Probably not the best spokesman what -- as far as I understand I think things are moving forward and expected.
Successful investment closure well one of the big stories was that.
Lost Jose Maria threat risk the very big player to the Marlins -- -- six million dollar multi year deal for him first of all that that's surprise -- that amount of money being thrown around for ball player has.
God no not really you know what ends up happening is that.
-- owners have different motivations in particular -- are opening a new ballpark.
And they expect or hope that there are revenues will increase -- they can put it.
Quality team on the -- what a surprise that -- after -- -- would you say you're in charge of looking at everything that's on the fields right David -- on the field -- a fight to keep -- at least yeah I think David's going to be with us for awhile so I -- worry about -- David and -- in the same here.
So David Wright probably -- I think so okay and I know what's inside baseball so to speak when you talk about the players but this all leads to big questions that.
That come out that movie money ball for example that you can build a winning team.
With less expensive players I -- -- cheaper but less expensive players.
Is that going to be with the Mets have to do.
Well I think first of all the money -- -- about finding value and whether that was finding value at lower prices or finding value.
In players that command higher salaries.
The same point has made you know we need to make good decisions with respect to players.
But don't make a lot of money but when you make good decisions with respect -- players who do.
And if we invest lots of money and in high -- players we need to be be right most of the time just as we need to be right.
We spend -- dollars well.
All of this money gets thrown around tends to sometimes destabilize the team because they don't have enough money to actually run the operations and people look at these loans that the Mets have taken out.
And and I think that there's a fair question being thrown around and that is -- the -- apparel -- not meeting payroll.
Thought no that's not an issue that is not an issue that's under percent now that you wouldn't fault of the same fate of the LA Dodgers where MLB yet to come in and sees the team.
Now I think that had to do with -- completely different set of circumstances where some of the money was being.
Moved out of the franchise -- Being used for other personal reasons I think this is an entirely different situation but as I said I think with.
The successful infusion of capital from new investors.
It will be leadership.
Assisting the World Series team in 2012 or is the supreme building here is if -- accept adults -- -- twelve we won't be favored in the nationally -- -- nationally leases that pre stacked.
-- probably the toughest division in baseball this point but.
We're gonna be fun to watch and you know the nice thing about baseball is than anything happen.
-- a Searle the highest payroll that wins.
It's very often somebody who's.
Put together a team based on not just resources but also quality decisions to -- like Tampa -- -- good example of that and certainly can happen here to.
Well fox knows all about underdogs winning so.
It can happen.
Have a currencies all right thanks for thank you very much on by the way David.
Spring training February 16 -- it to you yeah.
February 15 birthday okay.
