Fred Wilpon

Madoff bankruptcy trustee increases his claim against Wilpon and friends: to one BILLION dollars


You can ask for anything you want in a complaint, but when you start off by asking for $300 million from the Wilpons and Saul Katz, and then increase your demand to one billion, one would assume there’s a reason for that:

The amended complaint also provides additional substantiation of the inter-dependent relationship between Sterling and BLMIS as well as certain Sterling partners’ knowledge of Madoff’s dishonesty in his investment advisory business. For instance, the amended complaint details a multi-million-dollar interest- and cost-free bridge loan from Madoff to Sterling in connection with its purchase of the broadcast rights for the New York Mets from Cablevision. This transaction was documented by a single letter agreement that falsely described the loan as an “investment” by Ruth Madoff in the company that would later become the SNY network.

That’s from the press release announcing the amended complaint.  If SNY is somehow brought into this lawsuit and somehow encumbered, it’s major trouble for the Wilpons, as the network is probably more valuable to them than the Mets are.

Now, I shall go refresh the New York Times web page until I see some great pro-Picard spin, and refresh the Daily News until I see some great pro-Wilpon spin.  Meanwhile: certain commenters who tend to be pro-Wilpon in these matters: please explain to us how this is no big deal.

UPDATE:  I received an email from the Wilpons’ and Katz’s P.R. people, with statements from both Fred Wilpon and from the New York Mets.  Here’s Wilpon’s statement:

“The amended complaint is the latest chapter in the work of fiction created by the Trustee.  We will pursue a vigorous legal defense that will set the record straight and vindicate us.”

And here’s the statement from David Cohen, the General Counsel of the Mets:

“This is more nonsense from the Trustee. The $54 million represented funds the Sterling partners had invested with Madoff, as the Trustee acknowledges. As the Trustee also acknowledges, that money was never used — and in fact was returned the next day — because the necessary funds were received from Sterling’s lenders by the buyout deadline, and were used to fund the buyout.”

A press release from the plaintiff and Official Statements from the defendants ain’t exactly the most efficient way to get to the truth of the matter, but I suppose that’s what the courts are for.

Good luck, gentlemen! We’re all watching!

Maybe Alcides Escobar shouldn’t bat leadoff

Alcides Escobar

Alcides Escobar finished with a .292 OBP this year. He came in at .246 in 117 at-bats in August and .257 in 109 at-bats between September and October, so he wasn’t exactly flying high entering the postseason. Still, that didn’t stop Ned Yost from putting him into the leadoff spot for Thursday’s Game 1 against the Astros.

Yost finally did reconsider hitting Escobar first in September. It took Alex Gordon‘s return to health, plus the previous addition of Ben Zobrist to the lineup, in order to make that happen. However, it didn’t stick. Escobar hit ninth in each of his starts from Sept. 7-26, batting .236 with a .276 OBP during that span. With five games left to go, he was suddenly returned to the leadoff spot. The Royals went on to win all five games. Yost saw it as a sign, even though Escobar went 5-for-22 with no walks in those games.

Escobar went 0-for-4 in Thursday’s loss to the Astros. He did not swing at the first pitch of the game, which probably explains the defeat.

It’s been difficult to argue with Yost since last year’s World Series run and this year’s incredible run out of the game. The blind spot with Escobar, though, gets rather infuriating. One can defend hitting him leadoff against the Astros’ lefties. His career OBP against southpaws is .319 (.316 this year). Against righties, he’s the most obvious No. 9 hitter alive, with a career .258/.290/.342 line (.252/.284/.314 this year). He’s not a pace-setter. He’s not a spark plug. He’s a liability.

Astros top Royals in Game 1 of ALDS

Houston Astros' Jose Altuve, left, celebrates with teammate Luis Valbuena after scoring a run during the first inning in Game 1 of baseball's American League Division Series against the Kansas City Royals, Thursday, Oct. 8, 2015, in Kansas City. (AP Photo/Orlin Wagner)

After shutting out the Yankees in the AL Wild Card game on Tuesday, the Astros beat the Royals 5-2 in Game 1 of the ALDS on Thursday at Kauffman Stadium. Road teams are now 4-0 to begin the 2015 postseason.

The Astros grabbed an early 3-0 lead against Yordano Ventura through two innings. Chris Young took over for the Royals after a 47-minute rain delay and was very effective for the most part, allowing just a solo homer to George Springer over four innings while striking out seven batters. Colby Rasmus, who homered in the Wild Card game, took Ryan Madson deep in the eighth inning to give the Astros’ bullpen some extra breathing room.

Collin McHugh stayed in after the rain delay and ended up tossing six innings while allowing just four hits and one walk. Kendrys Morales did all the damage against him with a pair of solo homers. He’s the first Royals player to hit two home runs in a postseason game since George Brett in the 1985 ALCS.

The Royals’ offense showed some signs of life in the bottom of the eighth inning with back-to-back two-out hits against Will Harris, but Oliver Perez got Eric Hosmer to foul out to end the threat. Luke Gregerson tossed a scoreless ninth inning to finish off the victory.

Consistent with their identity during the regular season, the Astros won despite striking out 14 times. The same goes for the Royals, as they struck out just four times. Despite putting the ball into play more often, the Kansas City lineup wasn’t able to muster anything aside from the home runs by Morales.

Game 2 of the ALDS will begin Friday at 3:45 p.m. ET. Scott Kazmir will pitch for the Astros and Johnny Cueto will get the ball for the Royals.

George Springer homers to extend Astros’ lead over Royals

Houston Astros' George Springer (4) celebrates with teammates after scoring a run in the first inning in Game 1 of baseball's American League Division Series against the Kansas City Royals, Thursday, Oct. 8, 2015, in Kansas City. (AP Photo/Charlie Riedel)
AP Photo/Charlie Riedel
Leave a comment

After Kendrys Morales brought the Royals within one run in the bottom of the fourth inning with his second solo home run of the game, George Springer took Chris Young deep in the top of the fifth to extend the Astros’ lead to 4-2 in Game 1 of the ALDS.

According to Statcast, the ball traveled an estimated 422 feet and left Springer’s bat at 109 mph. Royals fans are happy it was just a solo home run. It could have been worse, as Jose Altuve singled to lead off the fifth inning before being thrown out trying to steal second base during Springer’s at-bat.

The Royals will try to answer as we move to the bottom of the fifth inning at Kauffman Stadium.