Video: ESPN on Mets-Madoff Lawsuit

http://espn.go.com/videohub/player/embed.swf

Jayson Stark and Karl Ravech bring up some good points about the whole Madoff mess that the Wilpons are in. Why would anybody want to buy into a minority share of the team with the controlling partner in such a dire predicament? That’s the thing that doesn’t make sense to me. I suppose that a minority owner could have a stipulation in their agreement to purchase the team from the Wilpons at some point. Other than that, I can’t think of a reason that someone would want to buy a stake in this team right now.

Another good point they brought up in the video was about the settlement talks. Why would the Wilpons be so adamant about losing money to Madoff and then entertain the idea of settling the case? A losing investor shouldn’t be talking about settling the case!

I have to say that I agree with a lot of the opinions that I’ve read about the future of the Wilpons owning this team. I believe, at some point, that the Madoff lawsuit is going to force the Wilpons to sell all or most of the Mets and SNY. How about you?

Author: Dave Doyle

Frequently disappointed Mets fan

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