Baseball for the Thinking Fan

Login | Register | Feedback

btf_logo
You are here > Home > Baseball Newsstand > Baseball Primer Newsblog > Discussion
Baseball Primer Newsblog
— The Best News Links from the Baseball Newsstand

Friday, February 15, 2013

Megdal: Either Fred Wilpon’s filings are lying about his debts or he is

So the news about his family’s personal finances would actually have been insignificant in terms of the only thing that matters, from a sports perspective, which is when the Mets can stop shrinking their payroll and start expanding it again.

But leaving that aside: what Wilpon said, even about his personal debt, is demonstrably false.

When he spoke on Wednesday, the Uniform Commercial Code filings included 39 separate filings of personal debt against Wilpon or his family. And those are just filings that include a Wilpon last name; many more are under Saul Katz, Wilpon’s brother-in-law and Sterling Equities partner, and his family.

The data in those filings had been updated through Monday, so it remained at least theoretically possible that Wilpon was telling a kind of truth, exuberantly trumpeting the clearing of personal debt while using that limited victory to suggest to reporters that his business debt had been retired, or to hope at least that they didn’t make the distinction.

But the U.C.C. database has now been updated through 11:59 p.m. Wednesday, about 12 hours after Wilpon spoke. The same 39 personal, unlapsed debt filings from Wilpon and his family remain on file under Wilpon.

Repoz Posted: February 15, 2013 at 06:44 PM | 5 comment(s) Login to Bookmark
  Tags: mets

Reader Comments and Retorts

Go to end of page

Statements posted here are those of our readers and do not represent the BaseballThinkFactory. Names are provided by the poster and are not verified. We ask that posters follow our submission policy. Please report any inappropriate comments.

   1. RMc (full name TBA) Posted: February 15, 2013 at 07:25 PM (#4370489)
I read this is "Fred Wilpon's flings..."

So that's where all his money went...!
   2. Jack Carter, calling Beleaguered Castle Posted: February 15, 2013 at 07:33 PM (#4370496)
Fred was distracted by something shiny, but he originally said, 'our debts are in the rearview mirror, and gaining on us like a motherfukka'.

I often disagree with Howard, but his coverage of the Mets over the last several years has been irreplaceable.
   3. Dock Ellis on Acid Posted: February 15, 2013 at 07:40 PM (#4370500)
Agree, Howard has done a true public service, as far as I'm concerned.
   4. HowardMegdal Posted: February 15, 2013 at 07:46 PM (#4370502)
Thanks guys, I really appreciate that.
   5. valuearbitrageur Posted: February 15, 2013 at 08:34 PM (#4370520)
Howard, how much are those individual filings of debt? I imagine the Wilpon defenders will rush to say they are trivial amounts, and if so they'll have a trivial point. Of course they'll duck the question that if the Wilpons are being honest, why they are so sloppy in their use of "facts".

Obviously the real issue is the organizational debt, and they will run away from that question whenever asked.

I'm beginning to wonder if there is a conspiracy by the Wilpons to maintain a bold and united front of buffoonery to ensure that you continue to have a surfeit of material as the only relevant writer on the Mets for the foreseeable future. Clearly, they are your biggest supporters.

You must be Registered and Logged In to post comments.

 

 

<< Back to main

BBTF Partner

Support BBTF

donate

Thanks to
The Ghost, Senior Lounger
for his generous support.

Bookmarks

You must be logged in to view your Bookmarks.

Hot Topics

Newsblog4-30 OMNICHATTER
(32 - 6:41pm, Apr 30)
Last: cardsfanboy

NewsblogMiami Herald: MLB has suspended Dee Gordon for 80 games after he tested positive for PEDs
(56 - 6:35pm, Apr 30)
Last: Bote Man makes baseball fun again

NewsblogOTP 2016 April 25: Forget politics, baseball season in full gear
(1637 - 6:33pm, Apr 30)
Last: Ishmael

NewsblogHardball Times: The Doug Mirabelli Trade, an Oral History
(14 - 6:30pm, Apr 30)
Last: Golfing Great Mitch Cumstein

NewsblogSherman: How baseball enticed Dee Gordon to use PEDs
(26 - 6:06pm, Apr 30)
Last: Walt Davis

Newsblog4-29-16 OMNICHATTER
(212 - 5:42pm, Apr 30)
Last: Bote Man makes baseball fun again

NewsblogAstros, Rangers Exploring Carolina League Teams
(2 - 5:12pm, Apr 30)
Last: PASTE Transcends Almost All Generations (Zeth)

Newsblog2016 New York City Softball Game
(102 - 5:05pm, Apr 30)
Last: catomi01

NewsblogAn oral history of Kirk Gibson's 1988 World Series home run
(3 - 4:35pm, Apr 30)
Last: Batman

NewsblogMLB Plus: Analytics-driven feed debuts
(3 - 3:27pm, Apr 30)
Last: Bote Man makes baseball fun again

NewsblogOT: Soccer March/April 2016
(704 - 11:42am, Apr 30)
Last: Juilin Sandar to Conkling Speedwell (Arjun)

Sox TherapyWe Still Know Nothin'
(68 - 11:31am, Apr 30)
Last: Jose Remains The Most Absurd Thing on the Site

NewsblogFelix Hernandez Is Not Right | FanGraphs Fantasy Baseball
(24 - 10:12am, Apr 30)
Last: bbmck

NewsblogOT: NBA Playoffs Thread 2016
(953 - 9:54am, Apr 30)
Last: Paul d mobile

Hall of MeritMost Meritorious Player: 1992 Ballot
(10 - 7:32am, Apr 30)
Last: bjhanke

Page rendered in 0.1273 seconds
47 querie(s) executed