Earlier this month, Fred Wilpon was bullish on the state of the team’s finances, and said payroll should be able to climb to pre-Madoff heights.
Spring training is all about optimism, and Mets owner Fred Wilpon delivered a large dose of it Wednesday in Port St. Lucie.
They thought the fallout from Madoff was bad? What if a rostered lunkhead got caught in their gaming hall?
Baseball and blackjack? The owners of the Mets were all in on a 2011 proposal for a casino next to Citi Field, only to be rejected by the Bloomberg administration, according to the New York Post.
According to the New York Post, owners Fred Wilpon and Saul Katz have refinanced $450 million in loans that were borrowed against SportsNet New York, the cable network which airs the vast majority of Mets game throughout the season.
Talk about a rosy outlook. McCann has “struck a $20 million deal” to become part-owner of the Mets, according to the New York Post.
Now that their financial future is sorted, the New York Mets can turn most of their attention back to the ballclub on the field. Good thing, too, because an awful lot of work lies ahead.
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 Wilpon/Katz group claimed a big victory in court today when they reached an overwhelmingly positive settlement. Steve Kallas explains it all…
Hall of Fame pitcher Sandy Koufax is among witnesses scheduled to testify at a trial next week to determine if the New York Mets’ owners must give up 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.
Arguing on the trustee’s behalf, attorney David Sheehan scoffed at attempts to portray the Mets owners as “unsophisticated run-of-the-mill guys.”
The Mets are closing in on a much-needed cash infusion. The team has commitments for seven of 10 minority ownership shares at $20 million apiece.
Sandy Alderson, New York’s next great comic?
The New York Mets are trying to distance themselves from the Bernie Madoff as their March trial approaches.