Note: The Mets are not for Sale
Last week, it was reported that Fred Wilpon’s Sterling Equities lost roughly $300 million to Bernard L. Madoff’s investment firm, as did others, in what federal authorities are describing as a $50 billion Ponzi scheme.
On Tuesday, the New York Times raised questions about whether the losses would impact the Mets, while wondering if the team will eventually need to be sold.
As such, Jeff Wilpon had the following to say, as quoted by USA Today:
“The individual partners lost some money at Madoff. It doesn’t affect the Mets. It doesn’t affect the Citi Field project. It doesn’t affect SNY or any of our other operating businesses.”
Wilpon also told the newspaper that the Mets are not for sale, adding, “Not a piece of it, not a part of it, none of it.”
