The New York Mets have repaid loans of $25 million to Major League Baseball and $40 million to Bank of America, and have closed on the sales of 12 limited partner shares for $20 million each, a person familiar with the team’s finances says.
A last-minute deal ended a lawsuit that could have cost ownership control of the Mets. It was a $162 million settlement over claims the owners wrongly profited from the Bernie Madoff Ponzi scheme.
The trustee recovering money for investors swindled by Bernard Madoff may need a perfect pitch to a jury Monday to force the New York Mets owners to pay up to $303 million.
Owners of the New York Mets lost a key ruling ahead of a federal trial over whether they should return millions of dollars they received from jailed financier Bernard Madoff.
The Mets struck out in court Monday. A federal judge has ordered the team to pay up to $83 million to the trustee recovering money for Bernard Madoff investors.
It’s no secret that the Mets need a fast start out of the gate this year, and at one point during his confab with reporters, Wilpon made a rather public cry for help.
Arguing on the trustee’s behalf, attorney David Sheehan scoffed at attempts to portray the Mets owners as “unsophisticated run-of-the-mill guys.”
Mets general manager Sandy Alderson is ready to hit the road. And no, he’s not headlining a comedy tour.
Sandy Alderson, New York’s next great comic?
Mayor Michael Bloomberg could afford to buy the Mets. But that’s one job that he’s not looking to step into after he leaves City Hall.
The New York Mets are trying to distance themselves from the Bernie Madoff as their March trial approaches.
Alderson thinks his payroll-cutting Mets can improve on last year’s 77-85 record and fourth-place finish in the NL East.
Thomas Vario says he’s just a blue collar guy who can’t get a union job because his great uncle, Paulie Vario, was a Lucchese crime family mobster.
The New York Mets’ owners have been ordered to undergo a jury trial if the case against them by the trustee for the Bernard Madoff Ponzi scheme goes forward.
Bernie Madoff says he has terrible remorse and horrible nightmares over his epic fraud, but feels safer in prison than on the outside.