Do I Hear A Bid of One Billion Dollars … ?

Do I Hear A Bid of One Billion Dollars … ?

Well we are all aware that David Einhorn the New York hedge fund manager and founder of Green Capital Investments has invested $200 million into the cash starved and financially strapped New York Mets . Now along the way we have all read about the problems of the organization and the fact that the team’s well the two most prominent owners team are now defendants in the ongoing case as the plaintiffs in the Bernard Madoff Ponzi scheme scandal seek as much as $1 billion in punitive damages from Saul Katz , Fred Wilpon , the New York Mets and Wilpon’s investment company Sterling Equities Inc . With that in mind I’d like to think that Einhorn and his lawyers were given some sort of guarantee that his investment is in fact safe , given the fact that the case against the defendants would appear to very strong. The plaintiffs’ lead attorney Irving Picard remains steadfast in his belief that the defendants are guilty and knowingly hid these funds having been made aware that as recipients of the funds from Madoff , this all from a fraudulent and felonious act. I’m not so sure that when it’s all said and done the Mets as an organization will be the ball club in its present guise that will be around . There is a very strong possibility that should the judge presiding over this hearing rule in the defendants’ favor after all of the evidentiary facts , we could very well see the organization seeking bankruptcy protection.

I was once told by a patron that bankruptcy doesn’t necessarily mean doom and gloom for a franchise . Somehow I don’t think that this individual knows what actually comes about in such a situation for the franchise given the fact that creditors aren’t always willing at first to renegotiate their debt for pennies on the dollar . For me however , I simply look at the Mets as an organization whose owners and front office over the last few years have become complacent , clueless and completely inept ! And although there has been an upheaval in the front office with Sandy Alderson , team President and EVP J P Ricciardi being brought in to oversee all personnel and roster moves in all aspects of the player personnel decisions. And given the overwhelming belief that this team has underperformed this season it is easy understand why the New York Mets are viewed a monumental laughing stock around MLB. Terry Collins was brought in as the Mets’ manager having succeeded Jerry Manuel whose managerial style bordered on sheer ineptitude .

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I’ve no doubt that at the end of the day this organization will either sink or swim by the decisions made of which much of it was brought on by their own actions . At 39-39 within the NL East and already some games behind the division leading Philadelphia Phillies I now feel that there’s no chance of the team actually competing within the division , much less winning it or possibly gaining a wildcard berth . And given the proclivity of this team to simply implode at the most inexplicable of moments it’s easy to understand why Wilpon was so vehemently critical of players such as Jose Reyes , Carlos Beltran and David Wright . A trio of overpaid, alleged superstars who between them have contributed little by way of success this season or seasons past . If nothing else given the fact that of the investment made by David Einhorn I am not so sure that he’ll get an entirely acceptable return on his investment.

Consider the idiocy however concerning not only of the Mets’ organization but the capricious nature of New York City Mayor Michael Bloomberg and the very fact that he cajoled the city commission in voting for a $2.355 billion bond issue that financed the building of Citi Fied (and Yankee Stadium ) an edifice that for much of this season has been half filled through much of the home games played at the venue . Built at a cost of over $755 million I can’t help but wonder what gave Bloomberg or the New York Mets the impression that building this monstrosity would equate with any future success for the organization Mets ! But this is merely a harbinger of the idiocy and corrupt practices that now takes place within the game all under the nose and suborned by Bud Selig , baseball’s hierarchy and the team owners within the game.

Here’s a question I would pose you now if you were a wealthy financier or entrepreneur and $ 1 billion at your disposal would you take it upon yourself to invest in a professional sports franchise and if so which particular sport would that investment be in ? Would it be within MLB , the NFL , NHL , MLS or NBA for that matter ?

Each of the four major sports face their own difficulties given the variables of economic climate but in large part the hierarchies of MLB, NBA , NFL and NHL along with the respective owners have never really shown enough foresight to actually plan expediently for the future. The NBA now faces a work stoppage that in large part can be avoided but given the fact that NBA Commissioner David Stern likes grandstanding and playing to the media , I think that the league and the hierarchy are in for a rough time ahead as they seek an accord before the expiry of the existing collective bargaining agreement on the 30th June , 2011 . The team owners along with the league hierarchy will steadfastly stand by the fact that they will seek concessions from the NBPA headed by Executive Director Billy Hunter and union President Derek Fisher .

Should there be a stoppage within the NBA and it becomes as litigious as the impasse now in evidence between the NFL and NFLPA then any thought of the 2011-12 season starting on schedule in September could end up being wishful thinking on the part of the NBA fan. It is clear that neither side wants to be the first that backs down and I have no doubt that the executives of the teams will be working behind the scenes also to make sure that they can do their utmost in conjunction with the league to stave off any thought of a stoppage.

As for the NHL even with the fact that they just had an exhilarating Stanley Cup Finals between the Vancouver Canucks and Boston Bruins . The aftermath of the Bruins’ game seven victory and the city of Vancouver erupted into violence, with fans rioting , 150 injured victims and some 100 arrests. But what might be even more unbelievable were the multi million dollars’ worth of damage caused by the rioters. The city’s police Chief Jim Chu states that the cause of these riots weren’t due to the loss by the Canucks but simply due to the fact that these were individuals looking to take advantage of an event to loot and riot. Nonetheless, it will still be viewed as something of a black eye for the game and in particular the city of Vancouver and the team .

Hockey itself has come a long way from its own self inflicted wounds stemming from their lockout . Financial mismanagement and sheer ineptitude being shown by the league hierarchy led by NHL Commissioner Gary Bettman still hasn’t brought the sport back to the visibility it once had. Viewership is still down but at the same time attendances are still up at a number of franchises around the league . Teams are now back to their old ways of conducting business , wherein we have seen being offered exorbitant contracts but yet somehow a number of owners simply wanted to have the best talent on offer and rewarding the players with such extraordinary offers that most teams could ill afford to pay. I won’t lambast a sport that I have little if any interest in because from a financial standpoint I believe that Bettman and the owners are still struggling to find a firm financial footing and given the proclivity there for simply tripping over their own bootlaces , the less now said about the NHL , the better !

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Alan aka tophatal …………… https://tophatal.wordpress.com

In terms of the points raised within this piece what thoughts if any do you have ? Simply chime in with a comment as you deem fit .

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(1) New York Mets’ Jose Reyes, right, scores along with Mets’ Angel Pagan on a two-run RBI single by teammate Carlos Beltran in the second inning against the Texas Rangers in Arlington, Texas on Sunday, June 26, 2011. AP Photo/Star-Telegram, Ron T. Ennis ……

(2) Texas Rangers manager Ron Washington, right, yells at home plate umpire Andy Fletcher after being ejected from the game during a baseball game against the New York Mets in Arlington, Texas on Sunday, June 26, 2011. AP Photo/Star-Telegram, Ron T. Ennis ……

(3) ARLINGTON, TX – JUNE 26: A detail view of the field during the game between the against the Texas Rangers and the against the New York Mets at Rangers Ballpark in Arlington on June 26, 2011 in Arlington, Texas. Photo by Rick Yeatts/Getty Images ….

(4) Daniel Murphy (28) of the New York Mets get tagged at second base by Ian Kinsler (5) of the Texas Rangers at Rangers Ballpark in Arlington on June 26, 2011 in Arlington, Texas. (Photo by Rick Yeatts/Getty Images) *** Local Caption *** Ian Kinsler;Daniel Murphy ……

(5) Fred Wilpon, General Manager Sandy Alderson, New York Mets new manager Terry Collins, Jeff Wilpon and Saul Katz pose for pictures during a press conference at Citi Field on November 23, 2010 in New York, New York. Getty Images North America / Chris McGrath …..

(6) David Einhorn, part owner of the New York Mets, watches the game against the Philadelphia Phillies at Citi Field on May 28, 2011 in the Flushing neighborhood of the Queens borough of New York City. Chris Trotman/ Getty Images North America ……

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Had Your Dose Of Sports Over The Weekend ?

Had Your Dose Of Sports Over The Weekend ?

Well for myself the sporting weekend transitioned itself around Rory McIlroy simply decimating a world class field at the US Open at Congressional Golf Club in Bethesda , Maryland . The margin of victory not withstanding a resounding 8 stroke victory by McIlroy over his closest rival Jason Day . Now the whole world will want to know what awaits McIlroy and how would he have fared had Tiger Woods been in the field ? From my own perspective given Woods’ recent run of form I doubt that the result would have been any different ! Suffice to say while Woods remains the yardstick against which the current contemporaries are to be adjudged , in reality the Tiger of old isn’t currently around .

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Things are now beginning to look rather bleak for the Florida Marlins . In the month of June this team has won only one of their last eighteen games and the fact that manager Edwin Rodriguez simply walked away from the organization and team having tendered his resignation simply indicates how dire things had become for the NL East franchise . Now with eighty year old Jack McKeon being asked by GM Larry Beinfest to assume control of this beleaguered team I am not so sure that things can be drastically turned around .

Former New York Giants wide receiver Plaxico Burress soon have his freedom having been incarcerated at the taxpayers’ expense . And for the player who now looks to resurrect his NFL career it will be interesting to see what teams if any take an open interest in the former Pro Bowl wideout . Philadelphia Eagles quarterback Michael Vick has made it his desire to have Burress become a teammate of his with the Eagles . But I doubt that either team coach Andy Reid or GM Joe Banner are seeking to make another reclamation project out of another troubled NFL player . Vick in spite of his successes last season still has a long way to go to prove to everyone that he’s actually back to his very best as a player but even more so as a leader .

There’s no doubt in my mind that Burress still has something to offer to a team but given the player’s predilection to self implode , if I were a general manager much less an NFL team owner his joining my organization would have to be based upon his demeanor and actual acknowledgement that he has now changed for the better as a human being . Beyond that not much else would really matter other than him being productive on the field of play .

There’s no doubt in my mind that the rules of the NFL are there for a reason especially where it involves the players concerning gambling. It is now being widely reported that as many twenty five NFL players are known to be investors in a gaming concern in Alabama . The owner of the casino Country Crossing —- Ron Gilley is under indictment by the Justice Department along with two lobbyists for offering state legislator millions of dollars in bribes in order to facilitate the approval and building of the casino in Dothan , Alabama .

The NFL’s rules are very clear on this matter wherein it states that current NFL players are barred from being involved in any type of gaming concern from a business standpoint . In doing so it creates the perception that in some way that there could be a conflict of interest and any type of impropriety that a player or players whilst on the field of play could effect the outcome of game . Well given the fact that the league as such welcomes to the actions of gamblers betting on their games I can’t see how they feel that an NFL player hasn’t been wagering on the games where they are already participants ! It would be naïve to think otherwise , albeit that no one has been caught but I think it is pretty safe to say that the players around the NFL have their own proclivities when it comes to games of chance . Tens of millions of dollars are wagered each year on the Superbowl and I am quite sure that there have been a number of players around the NFL that have profited directly or indirectly from placing a bet on the game . The NFL hierarchy if they do decide to conduct an investigation into this matter than the ramifications could well be very serious for the players involved at the center of this drama .

I’ve never been one to get completely enamored over the glare of the limelight or the very fact that some athletes tend to think of themselves as being bigger than the game. But in light of the recent meltdown of the Miami Heat in the NBA Finals and the mere fact that the team’s All Star LeBron James has began to chastise the fans for his and his team’s own shortcoming has me now believing more so than ever before that this is the monster that David Stern has created ! Instead of the NBA being a team sport it has now become a heartless ego driven endeavor where upon it is the stars/ marquee players that we are meant to be enthralled by rather than the teams themselves .

If James’ behavior and that of his teammate Dwyane Wade wasn’t enough of an indicator of that then I for one don’t know what is ! ! Self aggrandizement and the mocking of an opponent who at the time was said to be ill shows the lack of class in the two aforementioned players . But yet team President Pat Riley continued to bitch and whine when any criticism was being leveled at the team or his famous duo of stars . In the end nothing could have been much sweeter than seeing the Miami Heat juggernaut being derailed by the Dallas Mavericks and Finals’ MVP Dirk Nowitzki . When all said and done the better and far more deserving team proved to be victorious and laying to rest the myth that having a trio of superstars elicits a win of a title . Teams win titles , where the endeavor is meant to about showing cohesiveness and a genuine will to win and nothing resembling that was ever on display by the Miami Heat throughout the NBA Finals and their series loss to the Dallas Mavericks !

I was never enamored with the NHL and I don’t think I ever will be ! In light of the Boston Bruins having won the Stanley Cup in defeating the Vancouver Canucks . The display by Canucks’ fans in the aftermath of the team’s game seven loss was enough of an indicator that it simply doesn’t matter where the fans are from their baser instincts are always the same ! Act like a Neanderthal and you’ll viewed as such ! The fans went on a postgame riot , looting , burning cars and damaging businesses in the city of Vancouver that in the could run into several million dollars worth of damages . But what might be even more ludicrous may well have been the public statement issued by the city’s police chief , Jim Chu in stating that the incidents and acts of violence resulting in over 100 arrests and 150 people injured were merely the acts of the criminal element with nothing better to do . I wonder if Chu’s mindset would still have been the same had there been far more serious injuries resulting with someone’s death ? Isn’t it bad enough that his city was shown in a thoroughly bad light after these riots , never mind the fact that the game’s image has been tarnished by the events that took place ?

Granted, no sport is ever without its bad elements but the mere fact that Chu chooses to write this off as a criminal element choosing to take advantage of a sporting events smacks of sheer stupidity on his part . If anything it furthermore paints a poor picture of his city and the fact that those involved are nothing more than a marauding bunch of hooligans . That asides , if the hockey fan out there becomes this disgruntled because their team loses in the game’s showcase event then it simply shows another reason why the game continues to flounder in more ways than one from a commercial and professional endeavor .

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What thoughts if any do you have concerning the points raised within this piece ? Simply leave a comment as your thoughts .

Alan aka tophatal …… https://tophatal.wordpress.com

Picture and slide show details below .
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(1) U.S. Open golf championship winner Rory McIlroy, or Northern Ireland, right, is handed his U.S. Open trophy by Francois-Henry Bennahmias, left, president and CEO of Audemars Piguet (North America) Inc., during an event at the Willowbend Country Club in Mashpee, Mass., Monday, June 20, 2011. AP Photo/The Cape Cod Times, Merrily Cassidy …

(2) Bethseda, Maryland: Rory McIlroy of Northern Ireland and his father Gerry McIlroy pose with the trophy after his eight-stroke victory during the 111th U.S. Open at Congressional Country Club on June 19, 2011 in Bethesda, Maryland. (Photo by David Cannon/Getty Images …

(3) Rory McIlroy of Northern Ireland speaks with the media after his eight-stroke during the 111th U.S. Open at Congressional Country Club on June 19, 2011 in Bethesda, Maryland. Photo by Andrew Redington/Getty Images …

(4) Rory McIlroy of Northern Ireland walks onto the eightenth green before winning the 111th US Open by eight strokes over Jason Day with a record 268 at Congressional Country Club on June 19, 2011, in Bethesda, Maryland. AFP PHOTO / Jim WATSON …..

(5) Florida Marlins President of Baseball Operations Larry Beinfest, left, talks to reporters as interim manager Jack McKeon looks on during a news conference in Miami, Monday, June 20, 2011. Beinfest announced McKeon’s second term as manager of the Marlins. AP Photo/Alan Diaz ……

(6) Tampa Bay Rays pitcher James Shields , right, is congratulated by catcher Kelly Shoppach after throwing a four-hitter in the Rays’ 2-1 victory over the Florida Marlins in a baseball game in St. Petersburg, Fla., Sunday, June 19, 2011.

(7) Former New York Giants wide receiver, Plaxico Burress is seen holding onto a cup of coffee and wearing a Philadelphia Phillies hat while out in New York City. On June 6th, Burress was released from prison after nearly spending two years behind bars on gun charges. Courtesy of Pacific coast news.com ….

(8) Former NFL wide receiver Plaxico Burress attends a press conference at National Urban League on June 13, 2011 in New York City. Getty Images North America / Joe Corrigan ……

(9) Michael Vick (7) of the Philadelphia Eagles takes the field before playing against the Green Bay Packers in the 2011 NFC wild card playoff game at Lincoln Financial Field on January 9, 2011 in Philadelphia, Pennsylvania. Getty Images /Al Bello ….

(10) Michael Vick (7) of the Philadelphia Eagles walks of the field after losing to the Green Bay Packers during the 2011 NFC wild card playoff game at Lincoln Financial Field on January 9, 2011 in Philadelphia, Pennsylvania. The Eagles would lose to the Packers 21-16 Getty Images / Al Bello ….

(11) FILE – This June 1, 2011 file photo shows Miami Heat President Pat Riley talking to reporters in Miami. Riley says he will not return to coaching, and says the team has a strong leader in Erik Spoelstra . Riley spoke Tuesday, June 21, 2011, at his annual end-of-season wrap-up and touched on several topics including the disappointment of Miami’s loss in the NBA finals to the Dallas Mavericks. AP Photo/Alan Diaz, File …

(12) Dallas Mavericks’ Dirk Nowitzki, of Germany, fights back tears as fans cheer following his introduction during a celebration following the team’s victory parade, Thursday, June 16, 2011, in Dallas. The Mavericks earned their first NBA basketball championship by defeating the Miami Heat. AP Photo/Tony Gutierrez ……

(13) MIAMI, FL – JUNE 12: LeBron James (6) of the Miami Heat walks into the interview room to answer questions after the Heat were defeated 105-95 by the Dallas Mavericks in Game Six of the 2011 NBA Finals at American Airlines Arena on June 12, 2011 in Miami, Florida.

(14) Riot police walk in the street on June 15, 2011 in Vancouver, Canada. Vancouver broke out in riots after their hockey team the Vancouver Canucks lost in Game Seven of the Stanley Cup Finals. Photo by Rich Lam/Getty Images …..

(15) Boston Bruins’ Patrice Bergeron carries the Stanley Cup aloft as he walks through a crowd of onlookers from Tia’s Restaurant in Boston on Thursday, June 16, 2011, one day after the Bruins beat the Vancouver Canucks 4-0 in Game 7 of the NHL hockey Stanley Cup Finals. AP Photo/Elise Amendola ….

(16) Police on horseback move down a street during a riot following the Vancouver Canucks being defeated by the Boston Bruins in the NHL Stanley Cup Final in Vancouver, British Columbia, Wednesday, June 15, 2011. Angry, drunken revelers ran wild Wednesday night after the Vancouver Canucks’ 4-0 loss to Boston in Game 7 of the Stanley Cup finals, setting cars and garbage cans ablaze, smashing windows, showering giant TV screens with beer bottles and dancing atop overturned vehicles. AP Photo/The Canadian Press, Ryan Remiorz ….

(17) Vancouver Police Chief Jim Chu seen here speaking with the convened press . copyrighted material @ All rights reserved Post Media News / Ethan Baron ……

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