Wilpon’s Losses in Fraud Case May Affect Mets (Times link)

Published: December 14, 2008
The Mets’ owner, Fred Wilpon, had invested hundreds of millions of dollars with Bernard L. Madoff, who has been charged with running a $50 billion Ponzi scheme.

Interviews Saturday with several people with knowledge of Wilpon’s business dealings revealed concern about significant problems that Wilpon and the Mets could encounter because of the reported fraud. Although it is unclear how much money Wilpon may recoup, any significant financial loss by a team owner raises questions about how those losses may affect the franchise.

Perhaps most troubling is the possibility that losses incurred by Sterling Equities could put pressure on Wilpon to raise money by selling other assets. Because Sterling invested money directly with Madoff, Wilpon may have to come up with money to reimburse some of his own investors for losses. That may cause him to sell valuable assets, including a portion of his ownership in the Mets.

Read the entire piece in The Times
www.metspolice.com

2009 Mets Must Win World Series Or Else It’s A Failure

2009 for the New York Mets has only two outcomes.   Win the World Series or call the year a failure.

I know full grown adults who have never experienced the Mets winning the World Series.   It’s 2009 now, are you really nostalgic for the 2000 Mets?  (link – The 2000 Mets Mean Nothing.

How about those Bobby V wild card teams?  Remember those days with a twinkle in your eye?

2006 – is it really satisfying?  It would have been OK if they had built off that (the way the 84 and 85 Mets are beloved).

A Wild Card isn’t going to cut it.

A Division title isn’t going to cut it.   We did that in 2006 and mentally checked it off in 2007.   Not good enough.

Going to the NLCS?   Yawn.   The playoffs are watered down, I’d rather daydream about 1988.

Going to the World Series and losing?   Nope.  Not going to cut it.   I don’t want to go 25 years between rings.

The Mets need to win the World Series.  This is a new start.   Shea is gone and the Mets are flush with money whether they choose to admit that or not.   Leave the losing over underneath the new parking lot.

They still need pitching (see here: Does Omar Hate Satrting Pitching?) ….oh yeah and a catcher and second baseman and two outfielders.  Omar you have the cash (thanks in part to my tax dollars going to bailout Corporate Bailout Taxpayer New Shea Field – again nobody should use the corporate name until the Mets stop taking bailout money).

..
www.metspolice.com in no way receives bailout money from Congress.

Cole Hamels Is Right About The Mets

Cole Hamels, who will have a ring on his finger in April, says of the Mets, “For the past two years they’ve been choke artists.”

He’s right.

Go ahead be mad.

7 games with 17 to play.   Willie and Willie’s team spit the bit.

Jerry’s guys had a lead last year too.   29 blown saves isn’t a good thing. 

They choke.  Until there’s an x next to the words New York in the NL standings this is going to be an issue.

So go be mad at Cole Hamels and let it motivate you but don’t forget one thing.

He’s right.

www.metspolice.com

Citi Building Drops The Name

Looks like midtown guys get it, whereas the Mets (as usual) don’t.  You know that building on 53rd with the slanted roof….

“It just doesn’t make sense to have it be called Citigroup Center anymore,” Robert Selsam, Boston Properties senior vice president in charge of its New York buildings, said at an October investor conference. “And frankly, we’re tired of the fact that every time Citibank has a problem all of the TV cameras come and photograph the Citigroup Center sign on the front of our building.”

Now the cameras can go to Corporate Bailout Taxpayer New Shea Stadium!

www.metspolice.com

Rutgers Admits Stadium Expansion Idea Was Dopey

With alleged out of control athletic director Robert Mulchay relieved of his duties, Rutgers has decided to cut back on the silly stadium adventure.

A few years back Rutgers had one good season, and some cowboys decided to expand the stadium and do whatever it took to keep the coach.

Now Rutgers finds itself with an expansion that's too expensive to cancel. So the new end zone will have seats and bathrooms and that's all. No new locker room. No media center. No recruiting lounge.

You will get higher ticket prices ($40 to sit in the end zone!). You want a finished interior? Nope sorry.

How long until Coach Schiano, the man all this was built for, decides to leave? If he does leave will Rutgers ever make the Papajohns.com Bowl again?

I can't say I didn't tell you so. Oh yeah, Rutgers (the state university of NJ) will borrow $72 to sort of complete Schiano Field. I wonder who winds up paying for that in the end.

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