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Mets owners could actually make money in Madoff settlement

Discussion in 'Breaking MLB News' started by SRM Breaking News, Mar 20, 2012.

  • by SRM Breaking News, Mar 20, 2012 at 4:11 AM
  • SRM Breaking News SRM News Reporter

    Source: New York Post

    It's the biggest win for the Mets since 1986 — but a huge letdown for the fans.

    The team's stingy owners will remain at the helm after striking a sweetheart settlement with the lawyer tasked with recouping billions from Bernie Madoff's Ponzi scheme — and the deal actually casts them as victims of the fraud.

    The deal heads off a risky jury trial, where a loss could have cost owners Fred Wilpon and Saul Katz up to $383 million and control of the franchise.

    Instead, fans and baseball analysts said it'll be back to business as usual for the tight-fisted management, criticized for not spending on top players who boost ticket sales — and wins.

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Discussion in 'Breaking MLB News' started by SRM Breaking News, Mar 20, 2012.

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