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Mets Settle In Madoff Lawsuit

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  • Mets Settle In Madoff Lawsuit

    The Mets have reportedly agreed to pay $162 million in the Bernie Madoff Ponzi scheme lawsuit. However since they were investors with Madoff as well, they could potentially regain some of those assets when the recovered funds are redistributed.

  • #2
    Originally posted by Mygirljess View Post
    The Mets have reportedly agreed to pay $162 million in the Bernie Madoff Ponzi scheme lawsuit. However since they were investors with Madoff as well, they could potentially regain some of those assets when the recovered funds are redistributed.
    I don't get it. If they gained money from their investment with Madoff (regardless of whether they knew it was a ponzi scheme) how could they potentially regain some of the assets when the recovered funds are redistributed?
    My top 10 players:

    1. Babe Ruth
    2. Barry Bonds
    3. Ty Cobb
    4. Ted Williams
    5. Willie Mays
    6. Alex Rodriguez
    7. Hank Aaron
    8. Honus Wagner
    9. Lou Gehrig
    10. Mickey Mantle

    Comment


    • #3
      Regardless, the Wilpons still owe large sums of money to creditors outside of this settlement.
      The Mets have the best, smartest fans in baseball.

      Comment


      • #4
        I fervently hope for a change in ownership because they are incompetent. They have made many stupid baseball decisions from the draft to signing free agents and the ownership's financial issues have distracted the media and fans from action on the field. They would like to win but they have everything go wrong under their leadership. They've failed to promote a winning atmosphere and ruined the team's brand and fan-base. I do not like this.

        A new ownership is needed in Flushing.
        The Mets have the best, smartest fans in baseball.

        Comment


        • #5
          The worst possible news. Until the Coupons sell, we will be stuck in the abyss of horrible baseball. The fans need to make their message heard, by staying away from Citi this season. Force this horrrible ownership group to lose more $ to the point where they have to sell. It shouldnt be hard as this team will be brutal this year.
          unknown brooklyn cabbie " how are the brooks doin"
          unknown fan "good they got three men on base"
          unknown brooklyn cabbie "which one?"

          Comment


          • #6
            Originally posted by theAmazingMet View Post
            The worst possible news. Until the Coupons sell, we will be stuck in the abyss of horrible baseball. The fans need to make their message heard, by staying away from Citi this season. Force this horrrible ownership group to lose more $ to the point where they have to sell. It shouldnt be hard as this team will be brutal this year.
            Do it like Dodger fans did to the McCourts. Last year attendence at Dog stadium dropped 20%.

            Comment


            • #7
              Originally posted by CandlestickBum View Post
              Do it like Dodger fans did to the McCourts. Last year attendence at Dog stadium dropped 20%.
              Commissioner Selig will prop up Fred Wilpon because they're buddies. He already lent Freddy $25 million and probably more we don't know about. Selig let McCourt fry because they were not simpatico and even then, McCourt still controls the Dodger Stadium parking lots.

              The commissioner's office is too cozy with team owners.
              The Mets have the best, smartest fans in baseball.

              Comment


              • #8
                The headline of today's NY Post sums this all up;

                front032012.jpg
                unknown brooklyn cabbie " how are the brooks doin"
                unknown fan "good they got three men on base"
                unknown brooklyn cabbie "which one?"

                Comment


                • #9
                  The Mets are settling for pennies on the dollar and Wilpon and Katz may not have to pay a penny of it. This is actually a sweet deal for them.

                  Comment


                  • #10
                    Separated at birth?

                    Wilpon.jpg
                    Vintage Photos of Detroit Ballparks:
                    http://www.flickr.com/photos/doctor_gogol/sets/

                    http://www.flickr.com/photos/46267068@N04/sets/

                    Comment


                    • #11
                      Originally posted by doctor_gogol View Post
                      Separated at birth?

                      [ATTACH]106260[/ATTACH]
                      92834__kong_l.jpg

                      ...............
                      My top 10 players:

                      1. Babe Ruth
                      2. Barry Bonds
                      3. Ty Cobb
                      4. Ted Williams
                      5. Willie Mays
                      6. Alex Rodriguez
                      7. Hank Aaron
                      8. Honus Wagner
                      9. Lou Gehrig
                      10. Mickey Mantle

                      Comment


                      • #12
                        Originally posted by GiambiJuice View Post
                        [ATTACH=CONFIG]106262[/ATTACH]

                        ...............
                        Nice one! Ha!!!!
                        Vintage Photos of Detroit Ballparks:
                        http://www.flickr.com/photos/doctor_gogol/sets/

                        http://www.flickr.com/photos/46267068@N04/sets/

                        Comment


                        • #13
                          A thought.

                          One of those supposedly likely to testify was Sandy Koufax. Why? He invested with Madoff. Why did he do so? Because he and Fred Wilpon have been pals since they were growing up. Now, would Wilpon have stuck it to one of his closest friends who is known for being a stand-up guy? I'm sorry, but I don't see it.

                          Comment

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