Sunday, May 8, 2011



De$perate Mets in new relief pitch  Team's hand out for another huge loan.  Total Debt 1.66 Billion (NYP)



Mets Looked at Fraud Coverage for Madoff Stakes In 2001, the Mets considered buying fraud insurance to protect the millions they invested with Bernard L. Madoff. (NYT) *  Madoff trustee Irving Picard claims Mets owners went 'shopping' for fraud insurance(NYDN)





Amazin' buyers in lineup No shortage of Mets $uitors (NYP)



Is It A Prerequisite That Met Owners Be Wall Street Crooks

U.S. Examines Trades by Fund Titan Prosecutors are examining trades made in an account overseen by hedge-fund manager Steven Cohen that were suggested by two former SAC Capital fund managers who have pleaded guilty to insider trading. (WSJ) *  Hedge funder Steve Cohen frontrunner to buy minority stake in team (NYP)




Trustee Seeks Millions From Mets Over Madoff Fraud(NYT) * Wilpon Reign With Mets Under Threat The announcement that the Mets may sell up to 25% of the team indicates they may be on shakier financial ground than they had previously admitted as a result of owner Fred Wilpon's losses stemming from Bernard Madoff's Ponzi scheme. (WSJ) * Wilpons don't want to sell any part of Mets, but lawsuit stemming from Madoff scandal forced action (DN) * Mets and Madoff (WNBC) * Mets owner 'distraught' over accusations he profited from Madoff scheme (DN) * St. John's grad, Queens success dreams of owning piece of MetsDN) * Daly: Mets' Wilpon should just give back the money (DN) * Beltran, Ollie, K-Rod & Madoff: How it's all fallen apart since 2006 for New York Mets (DN)
* Mets To Reportedly Host 2013 All-Star Game (NY1)

 I Am Not A Crook

Madoff Wasn’t First Brush With Fraud for Mets Owners An investment firm started by Fred Wilpon and Saul Katz had to pay back nearly $13 million two years ago in a similar episode.(NYT) * Martin Luther King III trying to become part owner of Mets * Martin Luther King III Wants To Buy Mets (Fox 5)* Group Of Investors Reportedly Seeks Part Of Mets Franchise (NY1) * A King's ransom on table for Mets (NYP)




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