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FRED WILPON RUMORS & GOSSIP

Wilpons To Refinance Debt, Maintain Control of Mets

The New York Post reported tonight that the Mets are about to experience substantial financial relief.  As soon as next month, owners Fred Wilpon and Saul Katz will close on a seven year refinance of the organization's debt.  There was some question as to whether the ownership group could maintain control of the team through what was a required principal payment of $250 million...
Via Effing Mets
January 30, 2014  |  Discuss

Fred Wilpon Says Financial Woes At An End

New York Mets principal owner Fred Wilpon said his family is finally past their financial debt problems and that general manager Sandy Alderson has the financial flexibility to make major free-agent signings in upcoming offseasons. Reasons for improved financial stability is the result of the rebound of real estate, his primary business, as well as stock-market gains and SNY, in...
Via Mets Merized Online
February 13, 2013  |  Discuss
YOU BET YOUR LIFE

Mets looking into building casino?

The New York Mets reportedly have looked into the possibility of building a casino nearby Citi Field to help raise some funds.

Via The Other Paper
February 05, 2013  |  2 Comments

The business of Mets baseball Part I – Wilpon history

The minor league players have left the clubhouses and the major league season is heading towards the playoffs. There’s plenty of coverage here from the other writers regarding what will go on in October, so I’m going to move down to the end of the dugout and revisit a subject I wrote in length about on my old blog. It’s important for every fan to fully understand the current...
Via Mets360.com
September 23, 2012  |  Discuss

Madoff case settled and Fred Wilpon gets new nickname

So it’s finally over. Mets owner Fred “Wimpy” Wilpon will gladly pay Tuesday if you give him a hamburger today. But in this case “Tuesday” is three years from now and “hamburger” is the big business known as the New York Mets. The Madoff clawback suit is settled with the Mets on the hook for $162 million but with the money not payable until three years from now. ...
Via Mets360.com
March 19, 2012  |  Discuss

Picard Case Unlikely To Cost Wilpons The Mets

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...
Via Mets Fever
March 06, 2012  |  Discuss

Fred Wilpon On The Team Finances

These tweets from Mets on-field reported Kevin Burkhardt should provide you with a pretty good idea of Fred Wilpons comments this morning with regards to the teams finances. To be fair, I can see why Wilpon would get frustrated having thrown as much money as he's had with minimal playoff success, but I don't believe him for half a second that that is why he reduced the payroll...
Via Mets Fever
February 27, 2012  |  Discuss

MMO Fan Shot: Is The Tide Shifting For Fred Wilpon?

If you had asked me twelve months ago if the Wilpons should sell the Mets, I’d have been pretty emphatic in my support. In the six months that followed, new reports surfaced describing the debt the Mets were in and it seemed that number grew by $100 million from each report to the next. The most recent tally has it in the ballpark of $450 million. In the six months since then...
Via Mets Merized Online
January 31, 2012  |  Discuss

Fred Wilpon Requests That You To Give His Team "A Try"

The forecast for this upcoming season is a dreary one for the New York Mets, but that hasn't stopped Mets' owner Fred Wilpon from providing his two cents to the Mets' fanbase. Yes, in his first really public comments since calling his own team snake bitten and criticizing the value of his now departed leadoff man, Mr. Wilpon had the following to say:"I think we...
Via Mets Fever
January 13, 2012  |  Discuss

Morning Grind: Selig Isn’t Doing Right By The Mets, He’s Doing Right By Wilpon

With all the recent revalations of how Selig has aided the Wilpons maintain ownership on countless occasions, I felt this needed to be said: Selig is not helping the Mets; he is simply helping his buddy Fred. The job of the MLB commissioner is to keep everything running smoothly in several areas of the game. His goals are to keep the game both popular and economically sound. That...
Via Mets Merized Online
December 23, 2011  |  Discuss
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