All Things Bubba

Because how can you not love a baseball player named "Bubba"?

Tuesday, February 08, 2011

Bernie and the Mets

MLB Trade Rumors has a brief guide to the Mets-Madoff mess.

The Mets are in deeper trouble than I thought. While the Wilpons "only" made $300 million in fake profits, they're also being sued for punitive damages that could push the total over a billion dollars.

The Mets are not worth that much. And even if they only have to pay the lower sum...the Wilpons don't have the money. They've borrowed heavily against the team and against SNY. The Wilpons may be looking at bankruptcy, which would of course mean losing control of their team.


posted by BubbaFan, 6:45 PM


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