Losses from Bernie Madoff scheme will force Fred Wilpon to sell NY Mets - Sitcoms Online Message Boards

Brian Damage · 08-29-2009, 06:39 PM

CHICAGO -- The author of a new book about Bernie Madoff says heavy investment losses will force Mets owner Fred Wilpon to sell the team, a claim the Mets adamantly denied Friday.

Erin Arvedlund, author of "Too Good to Be True," told Jon Friedman of Marketwatch: "It's a matter of when. It could be as soon as next year."

The Wilpon family was hit hard by the Madoff ponzi scheme. Wilpon's friend, CNN's Larry King, told GQ magazine last month that Wilpon lost $700 million. But the Mets have insisted the losses will not impact daily operations of the team, and refuted Arvelund's claim Friday.

"The author of the book has no knowledge or facts related to the Mets business operations or finances," the team said in a statement. "Her speculation that the Mets -- or any part of the team -- is for sale is completely false and is irresponsible."

http://www.nj.com/mets/index.ssf/200...sses_from.html

Marvo301 · 08-29-2009, 07:09 PM

I hadn't realized that Fred Wilpon was one of Bernie Madoff's victims. It will be interesting to see how this all plays out going forward.

TVFactFan · 08-29-2009, 08:49 PM

The fact that the Mets are the reason the Phillies had a World Series Parade, they need to be sold.

catlover79 · 08-29-2009, 10:35 PM

Quote:

Originally Posted by TheLifeAdjuster

The fact that the Mets are the reason the Phillies had a World Series Parade, they need to be sold.

I knew you would say that, Sol!!

Big C · 08-30-2009, 12:26 AM

And to think, Sports Illustrated picked the Mets to win the World Series.

They're not even going to finish above .500.

TVFactFan · 08-30-2009, 12:29 AM

Quote:

Originally Posted by Big C

And to think, Sports Illustrated picked the Mets to win the World Series.

They're not even going to finish above .500.

Why the hell would they do that after the 2008 collaspe. Another piece of sh*T magazine

Brian Damage · 08-30-2009, 12:34 AM

the fact that they are keeping their manager and GM is also a very telling sign to me.

08-29-2009, 06:39 PM	#1
Brian Damage I'm Rich Bitch Forum Icon Join Date: Feb 03, 2002 Location: What Ain't No Country I Ever Heard Of...They Speak English in What? Posts: 63,107	Losses from Bernie Madoff scheme will force Fred Wilpon to sell NY Mets CHICAGO -- The author of a new book about Bernie Madoff says heavy investment losses will force Mets owner Fred Wilpon to sell the team, a claim the Mets adamantly denied Friday. Erin Arvedlund, author of "Too Good to Be True," told Jon Friedman of Marketwatch: "It's a matter of when. It could be as soon as next year." The Wilpon family was hit hard by the Madoff ponzi scheme. Wilpon's friend, CNN's Larry King, told GQ magazine last month that Wilpon lost $700 million. But the Mets have insisted the losses will not impact daily operations of the team, and refuted Arvelund's claim Friday. "The author of the book has no knowledge or facts related to the Mets business operations or finances," the team said in a statement. "Her speculation that the Mets -- or any part of the team -- is for sale is completely false and is irresponsible." http://www.nj.com/mets/index.ssf/200...sses_from.html
	__________________ The Key to the Kingdom of Heaven: John 3:3 *Money Doesn't Buy Happiness...But I'd Rather Cry in My Private Jet*

08-29-2009, 07:09 PM	#2
Marvo301 I'm NOT a Blockhead! Forum Celebrity Join Date: May 17, 2002 Location: The Great White North Posts: 21,460	I hadn't realized that Fred Wilpon was one of Bernie Madoff's victims. It will be interesting to see how this all plays out going forward.
	__________________ Only a life lived for others is worth living. Albert Einstein A life isn't worth living unless it has impact on other lives. Jackie Robinson Be always at war with your vices, at peace with your neighbors, and let each new year find you a better man. Benjamin Franklin

08-29-2009, 08:49 PM	#3
TVFactFan Member Forum Junkie Join Date: Aug 17, 2002 Posts: 99,137	The fact that the Mets are the reason the Phillies had a World Series Parade, they need to be sold.

08-30-2009, 12:26 AM	#5
Big C I Heart Angie Watson Forum 3000 Club Member Join Date: Oct 21, 2006 Posts: 3,531	And to think, Sports Illustrated picked the Mets to win the World Series. They're not even going to finish above .500.

08-30-2009, 12:34 AM	#7
Brian Damage I'm Rich Bitch Forum Icon Join Date: Feb 03, 2002 Location: What Ain't No Country I Ever Heard Of...They Speak English in What? Posts: 63,107	the fact that they are keeping their manager and GM is also a very telling sign to me.