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After years of crushing debt brought on by the evaporation of their holdings with Bernie Madoff, Wilpon took in the Florida sunshine, smiled, and announced to reporters that the team’s financial difficulties were over.
“It’s all in the rear-view mirror,” Wilpon said, after arriving at the team’s spring-training complex in Port St. Lucie.
“The family is in great shape,” he said. “The family really is in great shape."
Could be. The big tests are coming up in 2014-15 with debts due against team and SNY. The trustee's actions indicate he doesn't think they survive that double whammy. It will be interesting, that's for sure.
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