Erin Arvedlund author of "Too Good to Be True," one of several recent books about Madoff says of a possible sale of the Mets, "It's a matter of when. It could be as soon as next year."
She says the Wilpons lost as much as $700m in Madoff-related investments.
The Wilpons have pegged their losses at $300m and said the losses were in other businesses and would have no impact on the operation of the Mets.
Many Mets fans have criticized the Wilpons for being frugal, dating all the way back to the A-Rod situation. I think the Wilpons have for the most part acted judiciously in their spending (they did sign Santana to the biggest contract ever given to a pitcher, and gave K-Rod $15m per year) but many fans want them to act spend the Yankees, and that is never going to happen.
Even though they are in the same city the Mets' revenue will always be much less.
Many fans wanted the team to sign Manny Ramirez and Orlando Hudson in the offseason, moves I would have liked as well. But it's hard to call them cheap with the third biggest payroll in the majors. What they should do is stop wasting money and guys like Carlos Delgado and Luis Castillo and probably even Oliver Perez (though I endorsed that move), so they can use it to sign good players.
That said, I would love to see an ownership change, preferably to someone who will give his underlings the time and money to build a powerhouse team over the long-term.
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