The New York Mets are trying to distance themselves from the Bernie Madoff as their March trial approaches.
The cash-strapped Mets are reportedly close to receiving some much-needed financial help.
The cash-strapped Mets have hired the consulting company that worked with the Texas Rangers during that team’s bankruptcy and sale in 2010.
If one were to grant New Year’s wishes to the Mets, it might take a while. There’s a lot that they need.
Mets owners Fred Wilpon, Jeff Wilpon and Saul Katz could soon feel the pinch — from Major League Baseball.
“We do have some question marks, of course, with Santana being one of them,” Alderson said Tuesday.
Mets owners Fred Wilpon, Jeff Wilpon and Saul Katz recently got a $40 million loan to help with cash flow, a year after getting a $25 million loan from MLB.
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.
Any way you look at it, the 18-page decision filed yesterday by United States District Judge Jed Rakoff in the Mets/Madoff case has to be viewed as a win, even a vindication of sorts, for Mets owners Fred Wilpon and Saul Katz.
It’s been no secret that Davide Einhorn wanted to eventually ascend to majority control of the Mets – and it’s also no secret that the Wilpons want to retain their control over the club.
The owners of the Mets thought they had found their white knight. After months of what appeared to be friendly negotiations with a potential minority owner, though, the cash-strapped organization is left still looking for help. That may not be good for fans of Jose Reyes.
The owner of the New York Mets will be in court today seeking to have a $700 million lawsuit filed by Irving Picard thrown out.
According to The Post, David Einhorn and the Mets are on track to close the book on their minority ownership deal by the end of August with a restructured half-loan, half-cash agreement. The catch?
It appears David Einhorn is back on track to become the Mets’ minority owner. Nearly two months after announcing a $200 million agreement in principle with the franchise, Einhorn suddenly found himself among other bidders Wednesday.
Mets executives argued Thursday that a lawsuit claiming they should have heeded warning signs of a 25-year fraud carried out by jailed financier Bernie Madoff is “a fiction” and should be thrown out. “There were no warnings,” lawyers for Mets ownership said.