There’s been so much news about the lawsuit against Sterling by the Madoff trustee this week. Everyone is speculating on the impact it will have on the Mets. Some writers believe this will result in the Wilpons and Katz being forced to sell the team entirely. Others believe that a $300+ million lawsuit is something that Sterling Equities can handle even if they lose.
I put together a good list of links to articles about the Madoff lawsuit to summarize this week’s coverage of the story.
Daily News (Lupica) – The Mets don’t really want to sell any part of the team
NY Times – The Madoff investment wasn’t the Mets owner’s first Ponzi scheme investment
NY Times – What’s in the Mets investment for a minority owner?
Forbes – SNY debt will hurt the sale of the Mets
Daily News (Lupica) – Madoff trustee is trying to smear the Wilpons’ good name
Beyond the Box Score – Comparing the Mets to the early 90’s Royals situation
Forbes – Mets current value is -$225 million
NY Times – Wilpons’ ownership of the Mets is threatened