Originally written on Mets Fever  |  Last updated 3/6/12

26 Oct 1998: Mike Piazza of the New York Mets shakes hands with Mets Owners Fred Wilpon (R) and Nelson Doubleday (L) during a Press Conference in New York City, New York. Mandatory Credit: Jamie Squire /Allsport
What would be the best case scenario for Mets fans when it comes to the future of the team? Many, if not most, would argue that the most favorable scenario involves a MLB takeover of the New York Mets, much like the one witness last season in Los Angeles. That takeover would usher in a new ownership group while simultaneously showing Fred Wilpon the door. That scenario...doesn't appear to be coming any time soon.

What took place in US District Court on Monday shouldn't have come to a surprise to anyone. By most accounts going into the day, there was little chance that Judge Radkoff was going to simply dismiss the suit. Furthermore, with all the outrageous numbers being thrown around in this case (as much as $1 billion dollars), it was logical to think the Wilpons were going to lose some money.

Up to and additional $83 million dollars appears destined to be added to the mound of debt Fred Wilpon has accumulated. Bad news for him, sure, but not nearly as damning as the news levied shortly after by Judge Radkoff. You see he went on the record saying that "the court is skeptical" about Picard's chances of convincing a jury that the Wilpons knowingly looked the other way in the Madoff ponzi scheme. Is that a guarantee that a jury won't hand down an additional financial penalty, no. However, one doesn't become a US District Judge without having a fairly good grasp on their job.

At this point, at least in my opinion, Fred Wilpon's back might buckle under the weight of the additional $303 million in damages that could result from the trial. Unfortunately, I'm forced to take the judge's word that such a payout is unlikely. Therefore, while the Wilpons will be forced to endure additional debt, it stands to reason that it won't be the crushing blow many had hoped.

If there is not earth shattering payout, the additional cash through minority sales, combined with a drastically reduced payroll could net the Wilpons close to $200 million in additional capital for this season. That may allow them to limp long enough to be able to refinance their debts for SNY, Citi Field and much much more. Once that occurs, Mets fans may find themselves locked into the Wilpons for a long time, just as they said they'd be just weeks ago.

Yes, the Picard lawsuit may soon come to an end, but if that end does not bring with a large judgement against the Wilpons, Mets fans may only be facing the beginning of the struggle for him to right himself financially. Does that mean more middle of the road payrolls? Does it mean more mediocre talent? Only one thing appears certain at this point, Fred Wilpon is not going without a fight and it may be total financial ruin and that illusive MLB takeover to would finally see the Mets turned over to new ownership.


GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

John Daly taken to hospital after collapsing on course

Rex Ryan keeping Bills' starting quarterback a secret

Braves fan dies after falling from upper deck

Randall Cobb suffers shoulder injury vs. Eagles

WATCH: John Harbaugh, Jay Gruden get into shouting match

WATCH: Brian Hartline drags toes on great TD catch

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Julio Jones, Falcons agree on 5-year contract extension

WATCH: Blue Jays' Edwin Encarnacion blasts three homers, extends hit streak

WATCH: Usain Bolt does LeBron stomp dance after relay win

WATCH: Vick's first pass as a Steeler is a 63-yard bomb

WATCH: Montana's Ben Roberts makes amazing TD catch

Report: Robert Griffin III doesn’t believe he ever had a concussion

American Pharoah upset at Travers Stakes

Steve Smith joins family in stands after getting ejected from game

WATCH: Cordarrelle Patterson rips off 107-yard return TD

Steve Sarkisian giving up most of USC's playcalling duties

Animal shelter cancels fundraiser at Heinz Field

Mets acquire RP Addison Reed from Diamondbacks

WATCH: James Rodriguez scores unreal goals

Vin Scully: I believe next year will be my last

Charles Barkley wants to blow his former agent’s brains out

The Texas Rangers are firing on all cylinders

WATCH: Rutgers ends training camp with dance off

WATCH: Rays outfielder fooled by Tropicana Field catwalk

Ranking the five most dysfunctional NFL teams

MLB News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Fantasy football round-by-round draft strategy

Ronda Rousey's Carl’s Jr. ad

The WWE Divas Revolution is getting ugly

The NFL’s season kickoff isn’t going as planned, but plans don’t matter in the NFL

The Opening Drive: What happened to all the great Michigan tailbacks?

The 1980s Lakers represent the NBA’s ultimate creation story

The Orioles’ frustrating season

Five greatest NBA players of all-time

Finding signs of life for the Red Sox

10 NFL players set for down seasons in 2015

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker