Interesting link…
“There’s no one in my family—there’s the Katz family, the Wilpon family, kids—[that now] has any personal bank debt. Zero. Everything has been paid. We don’t owe a dollar to anybody. We have mortgages on buildings and stuff like that, but we don’t owe a dollar.”
Of course the debt that has been crippling the Mets for years now isn’t personal family debt, but the $320 million against the team due in 2014, and the $700 million against Wilpon and his partners’ 65 percent stake in S.N.Y. That is due in 2015, and is significantly larger now, thanks to the additional loan against that holding taken out in December.
via Either Fred Wilpon’s filings are lying about his debts or he is | Capital New York.