Despite some vocal interest from the likes of Donald Trump in buying a majority share of the New York Mets, Jeff Wilpon says the team isn’t for sale — and he expects his family to be found innocent of charges that they unfairly profited from Bernie Madoff’s Ponzi scheme. Wilpon, the chief operating officer of […]
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Potential buyers emerge for Mets — but are they serious?
Donald Trump has reached out to Fred Wilpon about buying into the New York Mets — but he would so only if he could buy majority control. He’s the latest suitor for the team, which has attracted a lot of interest from the Manhattan monied set. According to Trump, he called Wilpon after the team’s […]
Citi Field debt downgraded by Moody’s because of Mets-Madoff connection
More bad news for Fred Wilpon and Saul Katz: debt of Citi Field has been downgraded by Moody’s because of concerns over ties between the New York Mets ownership and disgraced felon Bernie Madoff, as well as an impending clawback lawsuit. “While the ultimate outcome of the litigation and the timeframe for final resolution are […]
Yawn. NYT writer predictably blasts Mets for naming-rights deal
Let’s face it: Clyde Haberman of the New York Times has always hated the idea of the New York Mets selling naming rights to their new ballpark. He’s now using the recent financial issues facing the team to once again bash Citi Field and the Wilpons. Flash back to 2006, when the Mets first announced […]
Cuban: I’ll listen if the Wilpons want to sell me a chunk of the Mets
With the finances of the New York Mets increasingly under siege, Dallas Mavericks owner Mark Cuban says he’s interested in investing in the team — but he needs to be sold by the Wilpons on the move. That’s sure to impress MLB owners. From the New York Post: “If they want to sit down and […]
Madoff, Mets finances more intertwined than assumed: report
To date the Wilpons have downplayed their financial ties to Bernie Madoff, characterizing their investments as somewhat limited. It’s now coming out that the relationship was more significant, with the team also investing deferred player payments with Madoff. The New York Times outlines the relationship between the Wilpons and Madoff: When the Mets negotiated their […]
Bottom-shelf-booze magnate making play for Mets?
Martin J. Silver, whose Long Island-based Star Industries is a prime purveyor of fine spirits like Georgi Vodka and Carnabys Gin, says he’s willing to invest in the New York Mets with the Wilpons, forced to seek a minority investor because of potential financial problems. Silver, an investor in the Wilmington Blue Rocks (High Class […]
Wilpons explore selling minority chunk of Mets
Fred and Jeff Wilpon are looking at selling a minority share of the New York Mets due to financial complications due to their family firm’s investments with Bernie Madoff, as they face a potential clawback lawsuit from the court-appointed bankruptcy trustee. The following statement comes from Fred Wilpon, Chairman and Chief Executive Officer of the […]