If the Mets' Owners Don't Settle, Is the Sale Dead?

Posted on February 3, 2011 by Chris Fusco

It appears, at least for now, that Fred and Jeff Wilpon, the owners of the New York Mets, have reach an impasse with their settlement negotiations with the Madoff bankruptcy trustee. You have to wonder though, does no settlement mean no sale (or partial sale) of the Mets?

The situation with the Mets and the Wilpons to be the definition of uncertain. It would be very difficult for an attorney or a financial adviser to advocate buying into this potential mess. What if the case against the Wilpons goes to trial and they lose? Would this mean the principal owners could become financially unstable (and so would the team)? Who would get stuck with team's payroll if that happened?

Without a settlement, there are just too many questions and no quick answers on the horizon.

Tags: , , , ,
Trackbacks (0) Links to blogs that reference this article Trackback URL
http://www.sportsinthecourtsblog.com/admin/trackback/238816
Comments (0) Read through and enter the discussion with the form at the end
Post A Comment / Question Use this form to add a comment to this entry.







Remember personal info?
Send To A Friend Use this form to send this entry to a friend via email.