Found March 20, 2012 on Mets360.com:
The dust is just starting to lift on the Mets’ financial situation and I’m not entirely sure if I should be happy about it. The Wilpons and Irving Picard – the trustee representing the victims of Bernie Madoff’s elaborate Ponzi scheme – settled on a payment of $162 million. Think about that for a second. That’s $1 million per game of an entire baseball regular season as a payout. And Fred and son Jeff Wilpon got a bargain. The original figure demanded by Picard was $1 billion. I think even Picard knew that was never going to happen, but if you’re going to aim, you may as well aim high. This figure was reduced to $382 million, based on a Judge’s ruling that financial records for only the last two years could be studied. With a mountain of debt on the SNY television network, Citi Field itself and loans from MLB and Bank of America, having to pay the entire amount of the suit would have been a fatal blow to the hopes that the Mets would be in the hands of “Jeff ’s grandchildren,...
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