The Mets' Owners Have Reached A Settlement With The Bernie Madoff…

The federal trial was supposed to begin this morning, but Richard Sandomir of The New York Times tweeted that the Wilpons and Saul Katz have instead reached a settlement that will cost them $162 million. Irving Picard, the trustee representing the victims of Bernie Madoff's Ponzi scheme, had been seeking $303 million. » 3/19/12 10:10am 3/19/12 10:10am

How Bernie Madoff's Money Ran The Mets

Next month, a jury will hear a lawsuit against Mets owners Fred Wilpon and Saul Katz that seeks to recover as much as $1 billion for the victims of Bernie Madoff's financial scam. In advance of the trial, legal filings and depositions paint a picture of a New York Mets ownership that for nearly a decade was in thrall… » 2/21/12 10:55am 2/21/12 10:55am

Mets' New Owner Is Poker Whiz, Dave Kingman Impersonator, Ball-Busting…

The cash-strapped Mets are in talks to sell a minority stake in the team to hedge fund manager David Einhorn for $200 million. Normally, minority shareholders aren't news, but these Mets aren't in a normal situation. With more than a billion dollars at stake in the Bernie Madoff lawsuit, the team hemorrhaging money to… » 5/26/11 12:30pm 5/26/11 12:30pm

MLS Wants To Give The Mets Owners A Team, For Some Unfathomable Reason

Grant Wahl of SI chatted with MLS commissioner Don Garber on Thursday, and New York's most beloved and comically destitute real estate barons came up in conversation. » 3/12/11 4:30pm 3/12/11 4:30pm

Mets Owners Max Out MLB's Credit Line, Start Putting Stuff On Their…

It's official, everybody: the Mets are broke. Wait, you knew that already. But now they're officially really, really broke. They're so broke, they just put all their CDs and VHS tapes up for auction. Where else will you find Jungle 2 Jungle and its soundtrack in one place, both lightly used? Well, Bud Selig must really … » 2/25/11 7:05pm 2/25/11 7:05pm