So I decide to go to work today, where I don't have access to the Internet, or this blog, and all hell breaks loose with the Mets. Well...kind of.
The Mets held a conference call today in which they announced that they are considering putting 20-25 percent of the team up for sale.
I have a couple bucks to contribute. Who's with me?
This move by Fred and Jeff Wilpon is being made to infuse money into the organization.
In a statement, the Wilpons stated:
"Regardless of the outcome of this exploration, [Wilpon-owned] Sterling [Equities] will remain the principal ownership group of the Mets and continue to control and manage the team's operations. The Mets have been part of our families for more than 30 years and that is not going to change...As we have said before, we are totally committed to having the Mets again become a World Series winner. Our fans and all New Yorkers deserve nothing less."
The Mets have been claiming repeatedly that they are not facing money problems. If this is true, their offseaon moves, and now this, is telling me otherwise.
They have only spent a total of $8.1 million on contracts this offseason.
All of this talk of money trouble stems from Bernie Madoff's Ponzi Scheme. According to Adam Rubin, reports show that the Mets netted a profit of $47.8 million because of the scheme.
A trustee in charge of distributing money to the victims of the scheme, Irving H. Picard, sued the Mets in December.
Rubin reports that Picard could be seeking up to $1 billion from Fred Wilpon and team president Saul Katz.
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