If you’re wondering just how pandemic-resistant the world’s leading sports franchises are, look no further than Fred Wilpon’s New York Mets. The Amazin’s, the No. 2 team in Major League Baseball’s most valuable market, were put in play by Wilpon in February after nearly two decades of ownership, putting them on track to be the first big-market Major League Baseball franchise to be sold in eight years. They are hardly a crown jewel. Wilpon was reluctant to keep pace with the league’s rising payrolls, leaving the Mets without a World Series win since 1986 and bleeding cash long before the coronavirus eliminated more than half the season and all of the franchise’s stadium revenues. That hasn’t stopped an all-star list of buyers from kicking the tires, including hedge-fund titan Steve Cohen and private-equity guru Josh Harris, one of whom will likely end up paying more than $2 billion for the franchise, one of 57 teams worth at least that amount. A decade ago, there was on...
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