Well, you have to give Fred Wilpon some credit. He has been pounded without mercy for months by the fans and media alike over his role in the Madoff craziness(plus his finances), has stuck to the business at hand, has said some "stupid things ", has put a respectable product on the field and now , recognizing the legal and financial issues he is staring in the face...he is prepared to unload a one -third ownership interest in the Mets for "something in the neighborhood " of $200 million to a local hedge fund manager.
My gut feeling; That $200 million plus another $200 million (Total $400 million) goes to the Trustee to resolve all Madoff claims .
Hey, "at the end of the day" the Trustee is satisfied, a lot of victims get some relief, and the Wilpon's and Mets survive!
Your thoughts?
No comments:
Post a Comment