The Wilpons have more than just the bankruptcy trustee to worry about

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For those of you following the Wilpon/Mets/Madoff train wreck, there’s a fascinating story in today’s New York Times which suggests that the Wilpons’ legal problems may just be getting started.

The upshot: when Madoff got arrested, the Wilpons and Saul Katz were strapped. Coming to their rescue: as many as eight banks who provided them with financing on which Sterling Equities continues to rely.  The Times talks to multiple banking and legal experts who suggest that, in light of the current lawsuit — and all of the ugliness it’s dredging up — the banks could do any number of things, none of which are good for the Wilpons and Katz.

Things like calling in their loans now, which would put even more financial pressure on them to sell the Mets. Another possibility: they could comb through all of their own financial records relating to the Wilpons searching for something — anything — which, in light of the new information we’re all learning, could be used to cast the Wilpons in a bad light.

I don’t pretend to understand the complexity of the financial stuff.  But I certainly do understand the overall when-it-rains-it-pours dynamic of these things. We’d all like to believe that people will stand strong with us when things get bad, but when a scandal erupts or a suit gets filed people either run for cover, look for someone else to throw under the bus or both.  These banks are no innocents themselves. J.P. Morgan, for example, has its own Madoff-related problems.  You can bet that if there’s a way to shift blame to or share blame with someone else, they’ll take it.  The first big conversation with the lawyers in any mess like this involves the question of “who else can be invited to this party?”

Every day the Wilpons don’t settle with the trustee is another day when someone, somewhere, will consider jumping on the pile.

Red Sox end Astros’ 10-game winning streak

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The Red Sox salvaged the final game of their three-game home series against the Astros, winning 4-3 on Sunday afternoon. In doing so, they ended the Astros’ 10-game winning streak.

Xander Bogaerts struck the decisive blow, knocking in a run with a double in the seventh inning to break a 3-3 tie. Michael Chavis also hit another homer — his eighth of the season — while Mookie Betts collected three hits and scored three runs to raise his OPS to .899.

The Astros last lost on May 7 against the Royals, the second game of a three-game series. The Astros won the final game of that set, then swept the Rangers in a four-game series, the Tigers in three, and won the first two games against the Red Sox. It’s their second 10-game winning streak of the season, as they won 10 striaght between April 5-16, sweeping the Athletics, Yankees, and Mariners before losing the second of two games against the A’s in Oakland.

At 31-16, the Astros are slightly behind the Twins — in progress as of this writing — for the best winning percentage in the majors. The Red Sox, meanwhile, have made up some ground after ending April 13-17. They’re now 24-22, good for third place in the AL East.