NY Mets Owner Says Team is "Bleeding Cash"

New York Mets owner Fred Wilpon told Sports Illustrated the team is "bleeding cash" and could lose $70 million this season. Per ESPN...

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"Wilpon also said that he fears he could lose the Mets if the trustee for victims of Bernard Madoff's Ponzi scheme wins a $1 billion lawsuit against the team and the owner's other interests. Wilpon said he is willing to settle based on the $295 million in fictitious profits he earned, but will not settle based on $700 million in principle he and partners invested with Madoff."

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