Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Meet the debts; Wilpons' dire money woes hobble Mets' sale (insider deal with Madoff?)
NY Post ^ | JOSH KOSMAN

Posted on 02/01/2011 6:35:26 AM PST by Liz

Mets owners are in a much tighter squeeze than they are letting on. Sterling Equities, which is controlled by Wilpon and son, Jeff, is supposedly worth some $750M and $1B. The Wilpons want to replace roughly $750M,...their losses with convicted Ponzi schemer Bernie Madoff.....and are now in settlement talks with the Madoff estate trustee, who claims they withdrew $48M more than they invested. They are opposing a move to unseal legal papers, saying the papers are attempted "character assassination"..... painting [Mets owners] as persons who should have known that Madoff did no trading".........

(Excerpt) Read more at nypost.com ...


TOPICS: Crime/Corruption; Extended News; News/Current Events
KEYWORDS: baseball; berniemadoff; madof; madoff; mets; newyork; nymets; themets; wilpon; wilpons
Navigation: use the links below to view more comments.
first previous 1-2021-27 last
To: Frantzie
Steroids saved MLB.

Other than that, I tend to agree. Selig has been a disaster as baseball commissioner.

Why would they even allow an owner to be given that position?

21 posted on 02/01/2011 12:30:19 PM PST by OddLane
[ Post Reply | Private Reply | To 18 | View Replies]

To: Frantzie

Actually, Mr Picower could have been saved.

But Mrs Picower had just had her hair and nails done.

So diving in to save Mr Picower was out of the question.


22 posted on 02/01/2011 12:33:31 PM PST by Liz
[ Post Reply | Private Reply | To 19 | View Replies]

To: CutePuppy
Madoff's mess will go on for years. But it's nowhere near the damage Obama Pelosi Reid's A--H-- network has done ------will go on for generations to come.

You got that right.

23 posted on 02/01/2011 12:39:08 PM PST by Liz
[ Post Reply | Private Reply | To 20 | View Replies]

To: Liz

Word on the street is that it is a Hank Med client


24 posted on 02/01/2011 12:47:54 PM PST by bert (K.E. N.P. N.C. D.E. +12 .....( History is a process, not an event ))
[ Post Reply | Private Reply | To 8 | View Replies]

To: OddLane

Did Ted Williams, Maris or Mantle use steroids?


25 posted on 02/01/2011 12:51:49 PM PST by Frantzie
[ Post Reply | Private Reply | To 21 | View Replies]

To: Liz

LOL! Well Shatner pulled the same thing with his wife.

I think Picower might have had some people visit him. Maybe some Russian, Israeli or Italian men. They may have come to his home to give him swimming lessons. He was one of the largest beneficiaries. I think the feds may have gotten the wife to cough up the money to insure those men did not visit her.

I am always suspicious when people drown in their pools.


26 posted on 02/01/2011 1:05:42 PM PST by Frantzie
[ Post Reply | Private Reply | To 22 | View Replies]

To: Frantzie
No, but I fail to see the relevance.

Major League Baseball was on its last legs when two mediocre players, i.e. McGwire and Sosa, and one exceptional player, i.e. Bonds, started juicing up.

Without that home run race spectators would have abandoned the sport.

That's why the planned lockout of NFL players is so foolish.

27 posted on 02/01/2011 1:38:56 PM PST by OddLane
[ Post Reply | Private Reply | To 25 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-27 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson