How the Mets somehow lose $50M a year

I have a whisperer who sometimes points things out to me, that you Whisperer…who wanted to make sure I saw this in the NY Times Article I had blown off.

The Mets lost more than $50 million last season, according to people familiar with the team’s finances, largely because of declining attendance and about $50 million in annual payments on bonds used to finance the construction of Citi Field. The family is able to temper its losses in part with the money it makes from the television network, giving the Wilpons the flexibility to allow a potential deal to sell the team to collapse.

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