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Selig: Mets on right financial path

Major League Baseball commissioner Bud Selig gestures while

Major League Baseball commissioner Bud Selig gestures while speaking during a news conference last month. Credit: AP

Commissioner Bud Selig expressed optimism that the Mets would resolve their financial situation without his office interceding in the club's affairs.

"I feel very comfortable that we are going to have a very reasoned economic solution," Selig said in an interview with ESPN Radio . The Mets are seeking $200 million for a minority share. The team is contending with a $1-billion suit brought against Mets chief executive Fred Wilpon and co-owner Saul Katz by the trustee in the Bernard Madoff Ponzi scheme.

Selig said there is "isn't anything" that could make him take the same action with the Mets that he did with the Dodgers, whose financial operations are being closely monitored by Major League Baseball. Selig said he did not know if the Dodgers would be able to make payroll at the end of this month.

Selig, a longtime friend of Wilpon, said the team's ownership "is looking for an economic mechanism that will bring more equity into the club, sheer raw cash to put it in its most candid way . . . We carefully watch [the Mets'] situation, talk to people every day. They are approaching it the way I would approach it, quite frankly. They are looking to add equity and I absolutely have not a scintilla of doubt that that's going to work out well and we can move on."


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