Mets Settle In Madoff Lawsuit

[Mygirljess]

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.

[GiambiJuice]

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?

[Blue387]

Regardless, the Wilpons still owe large sums of money to creditors outside of this settlement.

[Blue387]

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.

[theAmazingMet]

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.

[CandlestickBum]

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%.

[Blue387]

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.

[theAmazingMet]

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

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[George H Ruth]

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.

[doctor_gogol]

Separated at birth?

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[GiambiJuice]

Separated at birth?

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[doctor_gogol]

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Nice one! Ha!!!!

[Michael Green]

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.