EagleNYC {l Wrote}:BCEagle74 {l Wrote}:Like the Florida Pritzer or whatever piasano, didn't Wilpon make money --the $48M??-- with Madoff and only has to return the ill-gotten gains like the Florida guy who made $7.2B?
Imagine writing a check for $7.2B and not blinking an eye...
Dolan would be perfect.......Isiah Thomas as GM of the Mets after...... my fatwaboy on Omar Miyaddayadda for screwing Willie Randolph.
Knicks, Rangers, Mets.....No Willis Reed..no Mark Messier.....No Red Sox...
What I hear is that Wilpon et al had pocketed plenty in the 25 years that they dealt with Bernie, so the true damage is far, far greater.
$300 MILLION ++ Thing about it: what's the big deal about $48 million for these guys. They could just sell a few buildings, given their real estate holdings.
NYC EAGLE hit it on the head---- Far greater...
Report: Martin Luther King III seeks Mets
The son of civil rights leader Martin Luther King Jr. is interested in buying the New York Mets.
Martin Luther King III, who runs the Atlanta-based King Center for Nonviolent Social Change, is part of a group wishing to purchase a share of the club from principal owner Fred Wilpon. The group also includes television executive Larry Meli, ex-Met Ed Kranepool and Donn Clendenon Jr., the son of another ex-Met, the New York Post reported on Sunday.
Others who have expressed interest in purchasing a share of the team reportedly include Mike Repole, owner of Kentucky Derby favorite Uncle Mo, who made a fortune selling Vitaminwater to Coca-Cola. Multiple reports also name Martin Silver, owner of Georgi Vodka, who has been oustspoken about his desire to purchase the club.
Fred Wilpon and son Jeff Wilpon, the Mets chief operating officer, announced Friday their intention to potentially sell 20-25 percent of the team to satisfy any judgment or settlement in a lawsuit brought by the trustee looking to recover money for victims of convicted swindler Bernard Madoff's Ponzi scheme.
The Wilpons are viewed as net gainers in the Madoff scheme by the trustee. The New York Times reported the sealed lawsuit against the Wilpons may seek to recover $300 million in actual gains and up to $1 billion total because of alleged neglect in not recognizing the profit was ill-gotten.
As for the King group, Meli told the Post: "It's fitting with the legacy of Jackie Robinson essentially transferring to the Mets, what better place to have African-American ownership than with the Mets?"
The group reportedly wants to have at least a 50 percent share of the team, which is a complication, since the Wilpons have stated they only intend to sell a minority share.
"I think in order for it to make sense it would have to be at least a 50-50 arrangement," Meli said.
Adam Rubin covers the Mets for ESPNNewYork