" it's been reported that without the Madoff income the team would have lost money every year since 2002. That includes several years drawing more than 3 million and one over 4 million.
The NY Times reported the team lost money in 2009 with attendance of 3.1 million and 93% capacity.
Perhaps ownership should learn how to manage money and run a baseball team before paying customers take the blame."
No one ever accused this ownership of being geniuses.
Wilpon had a ballpark designed that had about 15,000 seats less than Shea, so ticket prices had to be higher to have the same revenue even if they had a sellout every night. At the same time, fans got sick of having the Mets fall flat so they stopped coming. Then the Madoff thing hit the fan. That's a bad combo. Any owner with that set of circumstances wouldn't spend more money to improve the team.
No one can blame the fans for not wanting to buy tickets to see this team. The fact remains though that by staying away, there's even less money to work with to get good players (Especially since the Madoff money isn't there to pay the bills). Reducing payroll is the only option they have right now to get things under control before they can spend money again.
Edited 8/6/12 by DiamondsR4ever