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SBD/February 11, 2011/Franchises
MLB Expected To Take Wait-And-See Approach With Financially Troubled McCourt
Published February 11, 2011
METS TAKEOVER ALSO UNLIKELY: FOXSPORTS.com's Rosenthal & Morosi cited sources as saying that a "takeover of the Mets by baseball is extremely unlikely." One source said such actions occur only as a "last resort." MLB "intervened with the Texas Rangers, loaning the club a reported $40 million, only when ... Hicks could not meet his payroll." The Mets are "not in nearly as dire a position." One AL team official said, "They still have a payroll of about $140 million. It's not as if all of a sudden they're the Pittsburgh Pirates" (FOXSPORTS.com, 2/10).