SI article with Fred Wilpon coming: Mets are ‘bleeding cash’

The Mets are “bleeding cash” and could lose as much as $70 million this year, Fred Wilpon said in a story that will appear in this week’s Sports Illustrated.

The article in the Daily News all adds this fun.

The payments to Bonilla were based on an interest rate of 8%; the Mets planned on investing the Bonilla money with Madoff, whom they expected would give them a 10% to 12% return.

via Fred Wilpon tells Sports Illustrated that Mets are ‘bleeding cash’ in article to appear this week.

The SI article should be fun.  It’s exactly the kid of article the Mets need this week.  Oh Fred, what have you done?

Let me get this right…

– Jose Reyes isn’t getting Crawford money thus presumably won’t be on the 2012 Mets

– David Wright is not a superstar

– the team is “bleeding money” and “shitty”

and someone is supposed to give you $200 million to not have a controlling interest.  Seems like a great investment.

3 Replies to “SI article with Fred Wilpon coming: Mets are ‘bleeding cash’”

  1. Everyone who wanted the Wilpons to be forced into selling the team should be thrilled with this week’s developments.

    I liked it better when we didn’t hear from Fred.

  2. They were using ‘unsecured, uninsured’ money to finance the team throughout the last 25 plus years. Way to go..

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