Fred Wilpon

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

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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!

Video: Aledmys Diaz hits a grand slam in remembrance of Jose Fernandez

ST. LOUIS, MO - JULY 21: Aledmys Diaz #36 of the St. Louis Cardinals hits an RBI single against San Diego Padres in the sixth inning at Busch Stadium on July 21, 2016 in St. Louis, Missouri.  (Photo by Dilip Vishwanat/Getty Images)
Dilip Vishwanat/Getty Images
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Cardinals shortstop Aledmys Diaz was childhood friends with Marlins pitcher Jose Fernandez, so it was expected when Diaz took time away from the team on Monday to visit Fernandez’s family in Miami. They grew up on the same street in Cuba and played for the same youth baseball team and both would ultimately wind up playing Major League Baseball in the United States.

In the bottom of the fourth inning of Tuesday night’s game against the Reds, Diaz hit a 2-1 Robert Stephenson fastball out to left-center field for a no-doubt grand slam. Teammate Yadier Molina gave Diaz a tight hug as he crossed home plate.

Before Tuesday’s game, Diaz said that the best way to honor Fernandez was to play with his passion, as MLB.com’s Jenifer Langosch reports. Diaz said, “I only play for [Fernandez’s] family right now.”

Here’s the video.

AL East still mathematically undecided as Red Sox lose, Blue Jays win

NEW YORK, NY - SEPTEMBER 27:  David Price #24 of the Boston Red Sox pitches in the first inning against the New York Yankees at Yankee Stadium on September 27, 2016 in the Bronx borough of New York City.  (Photo by Jim McIsaac/Getty Images)
Jim McIsaac/Getty Images
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The Red Sox would have clinched the AL East if one of two things happened on Tuesday night: the Red Sox themselves beat the Yankees, or the Orioles defeated the Blue Jays. Neither happened.

The Jays soundly took down the Orioles 5-1 behind six strong innings from Aaron Sanchez. Josh Donaldson went 2-for-2 with a two-run home run and a pair of walks and leadoff batter Ezequiel Carrera went 2-for-3 with a solo homer, an RBI single, a walk, and three runs scored.

Meanwhile, at Yankee Stadium, the Yankees outlasted the Red Sox for a 6-4 win, responding to both two-run innings the Sox had in the sixth and seventh with a run in the sixth and two in the seventh. Gary Sanchez hit his 20th homer of the season. Didi Gregorius and Tyler Austin also contributed dingers. Starter Luis Cessa pitched well, limiting the Sox to two runs over six innings on five hits and a walk with two strikeouts. Red Sox starter David Price struggled, yielding six runs in 6 1/3 innings. Yankees reliever Tyler Clippard got into trouble in the ninth inning but was able to wiggle out of trouble to finish out the game.

Once again, the Red Sox will be able to clinch the AL East on Wednesday with a win over the Yankees or a Blue Jays loss to the Orioles.