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SBD/March 4, 2011/Franchises
Appeals Panel Casts Doubt That Mets Owners Have Right To Keep Madoff Profits
Published March 4, 2011
END OF THE ROAD? FOXSPORTS.com's Ken Rosenthal wrote, "While people inside and outside of baseball tell me that it's too early to rule out Fred Wilpon's chances of retaining control of the Mets, I find it increasingly difficult to believe that he will remain viable as owner. For the good of the team, the good of the game and maybe even the good of his family, Wilpon needs to get out. ... How long will it take for the partial sale and Madoff case to resolve? To what extent will Wilpon be damaged even if he achieves outcomes that he deems favorable? Will he ever fully recover?" Rosenthal added, "You hear plenty about the Mets' debt these days, but few know the true value of Wilpon's assets. ... If Wilpon's debts exceed his assets, then it's game over; he must sell" (FOXSPORTS.com, 3/3).