Tuesday, February 1, 2011

The NY Mess

Call them the New York Mess.
Mets owner Fred Wilpon needs cash. He's looking to sell 25% of the team in order to help pay off a trustee who is looking recover funds for victims of Bernard Madoff's Ponzi scheme. A settlement or judgment in a lawsuit filed by the trustee means Wilpon will have to fork over a bunch of money. Reports say that a Mets related fund made close to 50-million in the scheme.
The Mets payroll will be between 140-150 million this season. They've been pretty tight with the purse strings this month and if they get off to a slow start this year, and they will, look for a firesale with Jose Reyes probably being the one commodity that other teams will want. Maybe Jason Bay who is coming off a horrible season that was cut short due to a concussion.
The best that Mets fans can hope for is that Wilpon will finally sell the team. Mets fans shouldn't hold their breath for that to happen. Bad ownership usually means bad teams. Funny how that works out, isn't it?

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