"I have a lot of faith in the Wilpons," Selig said Wednesday afternoon at a YES Network taping in Manhattan. "I have a lot of faith in Sandy Alderson. A lot of clubs go up and down. You learn that in the business. That's what makes the sport so interesting, because you just don't know. Yes, I'm very confident about the Mets. Absolutely, I have no concern whatsoever."
Selig was a supporter of the Wilpons throughout their recent financial struggles, which included a since-settled $1 billion lawsuit from the trustee seeking to recover funds from Bernard Madoff's Ponzi scheme. At one point, MLB loaned the Mets $25 million, which the Wilpons repaid earlier this year. Alderson also oversaw a record-setting payroll cut of roughly $50 million from Opening Day 2011 to Opening Day 2012.
Still, Selig indicated that the Mets have stabilized their situation, and should be ready to compete again soon.
"Yes, I have great respect for Wilpons," Selig said. "But I felt in studying the issues the Mets could survive. They were unfortunate victims in a financial scandal, one that put pressure on them. But they had the respect of everybody in the game, had the potential to work through it, so I realized it was in baseball's best interest to have patience there."