Banker doesn’t think the Mets need bankruptcy protection
In a recent appearance on Forbes SportsMoney on the YES Network, Sal Galatioto, the President of Galatioto Sports Partners LLC opined the Mets will probably not require bankruptcy protection in the short term, saying:
“The [investments] are going to help. … They will raise more money in equity and they’re going to have to do something about restructuring their [upcoming] debt [that's due over the next few years], That’s why they’ve done some of the things they’ve done strategically. There were reports about the team being near bankruptcy – I think those reports are greatly exaggerated – I don’t think the team is in that serious of a financial condition. I think they’ll be able to get through this.

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