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The New York Mets are a privately-held Major League Baseball franchise. The New York Mets play their home games and hold their business operations at Citi Field. Founded in 1962, the New York Mets are owned by Fred Wilpon and partners via the Sterling Equities real-estate focused holding company and are based in Flushing, New York. The New York Mets have recently suffered financial difficulty after losing money consistently, which was exacerbated after the New York Mets were found to have profited from the Bernard Madoff Ponzi scheme; a subsequently lawsuit from the trustee for Madoff scheme victimes sought over $300 million in illicit profits from the Mets, creating a sudden liquidity crunch, until the case was settled in 2012. The New York Mets' attempts to sell a minority stake in 2011 to hedge fund billionaire David Einhorn collapsed.
| Year Founded: | 1962 |
| Formerly Named: | New York Metropolitans |
| Fiscal Year End: | 10/31 |
| 1YR Revenue Growth Rate: | View % |
| 3YR Revenue Growth Rate (CAGR): | View % |
| City: | New York |
| State/Province: | New York |
| Country: | United States |
| Phone: | View |
| Website: | www.mets.com |
| Parent Companies: | Sterling Mets L.P. |
| Brands: | Citi Field Mets |
| Hospitality & Leisure > Sports & Sports Teams > Baseball Teams - Major League |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Export All New York Mets Financials To Excel
$99 Single Company AccessInstant Full Site-Wide Access| Income Statement | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 |
| Revenues | View | View | View | View | View | View | View | $195,000,000 | $180,000,000 | $158,000,000 | $175,000,000 | ||
| Team Payroll | View | View | View | View | View | View | View | $104,770,139 | $100,629,303 | $117,176,429 | $94,633,593 | $93,174,428 | $79,509,776 |
| Operating Income (Loss) | View | View | View | View | View | View | View | ($16,000,000) | ($11,000,000) | ($19,000,000) | $12,000,000 | ||
| Citi Field | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 |
| Revenue from Ticket Sales | View | View | |||||||||||
| Advertising Revenues | View | View | |||||||||||
| Concession Revenue | View | View | |||||||||||
| Parking Revenue | View | View | |||||||||||
| Luxury Suite Revenue | View | View | |||||||||||
| Other Income | View | View | |||||||||||
| Total Citi Field Revenue | View | View | |||||||||||
| Ballpark, Ticket Operations and Maintenance | View | View | |||||||||||
| Tax Expense | View | View | |||||||||||
| Parking Expense | View | View | |||||||||||
| General and Administrative Expense | View | View | |||||||||||
| Publicity and Promotions Expense | View | View | |||||||||||
| Total Operating Expense | View | View | |||||||||||
| Citi Field Net Income | View | View |
| Financial Notes: | |
| * | New York Mets fiscal year end: 10/31 |
Export All New York Mets Financials To Excel
$99 Single Company AccessInstant Full Site-Wide AccessNew York Mets Revenues ($ MM): |
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$99 Single Company AccessInstant Full Site-Wide Access| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | Mar. 2012 | Completed | View1 | View | Minority Stake Purchase | View |
| 1 | The New York Mets...Read More → |
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$99 Single Company AccessInstant Full Site-Wide AccessNew York Mets Settle Madoff Trustee Lawsuit
In 2012, the owners of the New York Mets scored a major legal victory when the trustee for the victims of Bernard L. Madoff’s vast fraud agreed to abandon hundreds of millions of dollars in claims against them in exchange for a financial settlement substantially less than the financially ruinous maximum originally sought.
The Mets owners agreed to pay the trustee $162 million, but that figure could be reduced as the Madoff bankruptcy litigation continues.
The trustee, Irving H. Picard, had initially sought $1 billion, declaring that the owners had enriched themselves over many years of profitable investing with Mr. Madoff while ignoring repeated warnings that he might have been a fraud.
The owners, Fred Wilpon and Saul Katz, had disputed the charges. A loss at trial could have forced them to sell the Mets.
Minority Stakes Sold
In an effort to stabilize the team’s finances, the New York Mets sold approximately a dozen… Continue Reading →
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