While Mets Can Make Payroll, They Are Bleeding Cash
Fred Wilpon is certainly making the rounds in the media lately.
A day after talking to the New Yorker and blasting players Carlos Beltran, Jose Reyes and David Wright, there is news that Wilpon spoke to Sports Illustrated and revealed the Mets are on track to lose up to $70 million, MLB.com is reporting.
The Mets are “bleeding cash,” as Wilpon says, and also notes that he should have a minority owner in place to purchase shares of the club for a price around $200 million, which would give the Mets funds to stay afloat, plus provide a cushion while the Bernie Madoff fallout is sorted out.
Speaking of Madoff, Wilpon admits he would be willing to settle a $1 billion lawsuit against him for an alledged role in Madoff’s Ponzi scheme — an allegation Wilpon steadfastly declines. Trustee Irving Picard is alleging that Wilpon knew that something was amiss with Madoff but did not take action.