Incoming commissioner Rob Manfred has begun swinging the ax, installing his preferred owners in positions of power and shunting Bud Selig's confidants to the side. But one of those Selig allies, Mets owner and CEO Fred Wilpon, isn't just being put out to pasture: he's been appointed chairman of MLB's finance committee. This is maybe a little troubling, because Fred Wilpon is very bad with money.
Wilpon, you'll remember, lost as much as $700 million investing in Bernie Madoff's ponzi scheme (not the first one he fell for). It would be one thing if it were just his own money, but Madoff was closely involved in the Mets' finances; Wilpon's favorite trick was to offer contracts with deferred money, and investing that money with Madoff's firm. "Bernie was part of the business plan for the Mets," one former employee told the New York Times.