Get Madoff'd
Remember when we thought the Sandy Alderson-Paul DePodesta-J.P. Ricciardi trifecta wold be unstoppable now that they had big market money behind them? Looks like they may need to rely on their Moneyball smarts a few years more...
* * * * *
You know what would be really nice? If following your favorite baseball team didn't entail periodic articles and persistent questions relating to Bernie Madoff's Ponzi scheme.
Alas, such is life as a Mets fan ever since Madoff's house of cards came crashing down around him in December 2008.
I have nothing personally against Fred Wilpon. The boss of my company meets with him periodically, and the one thing he says about Wilpon is that he's one of the nicest men you'll ever meet. As regular readers are aware, I met him briefly some time ago, and my impression was very much the same (even if he had a bizarre disinterest in talking about the Mets).
But this situation with Madoff is clearly a MUCH bigger deal than he or his bonehead son have ever let on. When the news broke yesterday, it was like every guy who knew a guy who knew the first thing about the Mets wanted to be the first to break the news about how. bad. the Wilpons' financial situation really is.
So now they want to sell a minority position in the team. For the bargain-basement price of $200-300 million, a non-controlling stake in a go-nowhere baseball franchise could be yours! Naturally they're having to beat potential investors off with a stick.
Give the Mets credit though, they waited until Friday to break the news. They're getting media savvy over in Queens!
It just keeps getting better and better with this team. 17 days until Spring Training! Still PLENTY of good seats available at Citi Field for the 2011 season!!
- A.F.O.M.G.
* * * * *
You know what would be really nice? If following your favorite baseball team didn't entail periodic articles and persistent questions relating to Bernie Madoff's Ponzi scheme.
Alas, such is life as a Mets fan ever since Madoff's house of cards came crashing down around him in December 2008.
I have nothing personally against Fred Wilpon. The boss of my company meets with him periodically, and the one thing he says about Wilpon is that he's one of the nicest men you'll ever meet. As regular readers are aware, I met him briefly some time ago, and my impression was very much the same (even if he had a bizarre disinterest in talking about the Mets).
But this situation with Madoff is clearly a MUCH bigger deal than he or his bonehead son have ever let on. When the news broke yesterday, it was like every guy who knew a guy who knew the first thing about the Mets wanted to be the first to break the news about how. bad. the Wilpons' financial situation really is.
So now they want to sell a minority position in the team. For the bargain-basement price of $200-300 million, a non-controlling stake in a go-nowhere baseball franchise could be yours! Naturally they're having to beat potential investors off with a stick.
Give the Mets credit though, they waited until Friday to break the news. They're getting media savvy over in Queens!
It just keeps getting better and better with this team. 17 days until Spring Training! Still PLENTY of good seats available at Citi Field for the 2011 season!!
- A.F.O.M.G.
posted by A Friend of Mr. Glass' at 10:30 AM
1 Comments:
Maybe I'm crazy for saying this but I think the Mets will be a better team if you keep the money away from them. I will use the George Lucas story to explain - Original Star Wars movies had little money and they had to step up and get creative. Once they got billions they decided to make a new set of movies....get what I'm saying?
Post a Comment
<< Home