Wednesday, March 21, 2012

Does the Madoff settlement doom the Mets?

This was the New York Post's take on the settlement, which limits the liability of Mets owner Fred Wilpon to the trustee in charge of winding up the affairs of, and paying claims against, the bankrupt investment enterprise of convicted Ponzi schemer Bernie Madoff. Many fans were rooting for Wilpon to lose, on the theory that it would force him to sell the team to a more deep-pocketed, and perhaps more competent, owner. Harvey Araton, in the Times, has a perhaps predictably less hysterical view of the situation.

While I've sometimes fantasized about going to a Mets game and, with a little help from my friends, unfurling a banner over the upper deck railing emblazoned with "Why can't we fire the Wilpons?", contemplating a change of ownership has, for me, always posed the devil-you-know versus the devil-you-don't quandary. My modest hope at present is that the Wilpons, Père et Fils, will let Sandy Alderson and Terry Collins manage with the resources they have. I'm glad to stick with the team (indeed, David Brooks suggests I might lack character if I didn't) through a period of re-building, if it's done right.