Mets Hire Financial Advisory Firm But Deny Rumors Of Impending Bankruptcy
The New York Mets have hired a financial advisory firm that's well known for helping businesses navigate bankruptcy -- but, the team insists, they're not about to go under.
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CRG Partners lists financial advisory work, restructuring and reorganization, and turnaround management as its special talents, according to the New York Times. Only 10 percent of its work took place in bankruptcy court last year.
The Mets have been in dire financial straits in recent years, largely because of owner Fred Wilpon's role in Bernie Madoff's infamous Ponzi scheme. The team is now pursuing a strategy of selling the team in small pieces to multiple minority owners.