Mets hire firm that worked with bankrupt Rangers
Friday, January 6, 2012
NEW YORK (AP) -- The financially troubled New York Mets have hired the consulting company that worked with the Texas Rangers during that team's bankruptcy in 2010.
The team issued a statement late Thursday: "Mets Limited Partnership engaged CRG Partners to provide services in connection with financial reporting and budgeting processes." The statement came in response to a report by SBNation.
The Mets have been trying to raise $200 million through the sale of $20 million non-controlling shares following the collapse of a deal last summer with hedge fund manager David Einhorn. They also owe $25 million to Major League Baseball, a loan whose repayment was extended from November until March; and $40 million to Bank of America.