Hey Gavvy....
Maybe you can correct me if I'm wrong with the "for the good of baseball" rule I mentioned in the sports forum. That the league (commissioner) can invoke the "for the good of baseball" rule and can step in and take over the Mets in an executor role as they did with the Expos and when Bowie Kuhn vetoed Finley's attempts to sell his star players in the mid-late 70's. The league has to have sufficient reason but I think failing to make payroll, a criminal conviction of ownership (which was almost the case with George Steinbrenner*) or even just destabilization of a team (aka the Finley rule) is sufficient.
*The league suspended George S rather than invoking the rule... but I read that it was considered if GS didn't go without a fight.
They most definitely can, but as you alluded to, Selig and Daddy Wilpon are long time friends and that has clouded the issue.
And what was this that I heard briefly on 1010 WINS this afternoon? Daddy Wilpon and Saul Katz refered hundreds, perhaps over a thousand customers to Madoff? Egads, they should be sued for everything their worth. If they made money, makes you think they had some idea as to what was going on.
Ozzy, go back to the late 70s, early 80s with me here. Doubleday was wooed by Bowie Kuhn to buy the Mets from Payson's daughters, right? I think the price was $20 million. Wilpon had, what, 1% of the team? So, Wilpon had $200k at the time? For what?
How did Wilpon come up with $40 million in 6 years to but 50% of the Mets? I guess we can draw the lines to fast money with Madoff (if he was doing business with him back then). Wow, slippery people, those Wilpons. And your story is
not the worst I've heard. And it is pretty bad.
Another thing, Sterling Equities lists it's headquarters in Great Neck. Do the Wilpon's live in Kings Point?
OK, be well, thanks for answering some of these questions. Should we move this to the Sports Forum?