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Judge Rules Mets Owners Must Prove They Were Not Willfully Blind To Madoff's Dealings

U.S. District Court Judge Jed Rakoff ruled yesterday that Mets Owners Fred Wilpon and Saul Katz would be "required to prove at their trial that they were not willfully blind to 'red flags' that Bernard L. Madoff was engaged in illegal activity," according to Richard Sandomir of the N.Y. TIMES. The Mets owners are being sued by Irving Picard, the trustee for Madoff’s victims, for more than $300M. In his order, Rakoff wrote the burden of proof, by a preponderance of evidence, rests with the Mets owners to show that they acted in good faith in their dealings with Madoff. Wilpon and Katz will "have to show that they saw no evidence that Madoff might have been committing a fraud" (N.Y. TIMES, 3/15). In N.Y., Michael O'Keeffe notes the trial is "scheduled to begin on Monday." Attorney Stuart Slotnick said Rakoff's order puts Wilpon and Katz in a "bad position." Slotnick: "It’s something they will need to get around. They will have to meet that burden. The plaintiff will tell the jury that they had a duty to meet that burden and they failed" (N.Y. DAILY NEWS, 3/15).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

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