This year Forbes has the Mets down 4% to $719 million in value, just behind the Phillies at $723 million. The Mets and the Rays are the only teams to lose value since last year, mostly due to the Mets massive operating loss of $40.8 million. Only three teams had operating losses (Phillies and Angels were the others) and neither were anywhere close to the Mets loss.
The Mets are now MLB’s sixth most valuable franchise far behind the Yankees in the top spot valued at over a billion dollars MORE than the Mets. It’s incredible how much more valuable the Yankees, Red Sox, and Dodgers are than the Mets. All are listed at or over $1 billion.
It’s likely going to take years for the Mets to gain value back and it’ll have to be done on the field. Most experts (and sane people everywhere) are predicting the Mets will finish at or near the bottom of the NL East this season. Based on the current roster, I agree with that opinion.
The Wilpon/Katz ownership group may have settled the Madoff lawsuit and put that financial problem behind them. But the value of their team is sinking and likely won’t increase this year unless there are some miraculous occurances on the field. Maybe the Jets can loan Tim Tebow to the Mets until the NFL season starts.