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 07:44 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 and His Roster of Rubbish Posted: February 15, 2013 at 08:25 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 08:33 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 08:40 PM (#4370500)
Agree, Howard has done a true public service, as far as I'm concerned.
   4. HowardMegdal Posted: February 15, 2013 at 08:46 PM (#4370502)
Thanks guys, I really appreciate that.
   5. KT's Pot Arb Posted: February 15, 2013 at 09:34 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 Sponsor

Support BBTF

donate

Thanks to
JE (Jason Epstein)
for his generous support.

Bookmarks

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogOT: NHL is finally back thread
(355 - 3:26am, May 21)
Last: BurlyBuehrle

NewsblogWilliams: Discover one of baseball's forgotten streaks
(25 - 3:23am, May 21)
Last: bobm

NewsblogRosenthal: Ax to fall soon for LA's Mattingly
(89 - 3:23am, May 21)
Last: Tom T

NewsblogHeyman: Miggy-Trout debate rages on, but Cabrera wins all here
(154 - 3:21am, May 21)
Last: vivaelpujols

NewsblogPosnanski: Albert Pujols doesn't matter anymore
(6 - 3:00am, May 21)
Last: Pat Rapper's Delight

NewsblogSlate: The Dreaded C-Word
(1 - 2:40am, May 21)
Last: The Clarence Thomas of BBTF (scott)

Newsblog[OTP-May] Politico: Congressional baseball game, May 1, 1926
(3590 - 2:39am, May 21)
Last: Joe Kehoskie

NewsblogOMNICHATTER for MAY 20, 2013
(142 - 1:38am, May 21)
Last: Phil Coorey.

NewsblogJoe Maddon calls ump's position 'baseball anarchy'
(16 - 1:18am, May 21)
Last: Robert in Manhattan Beach

NewsblogHal Steinbrenner calls tickets 'affordable'
(29 - 12:46am, May 21)
Last: What did Billy Ripken have against Elroy Face?

NewsblogTheZobrists.com
(15 - 12:44am, May 21)
Last: Monty

NewsblogRare Feat Not Done Since Pete Rose
(2 - 12:25am, May 21)
Last: VoodooR

NewsblogOT: The Soccer Thread, May 2013
(977 - 11:53pm, May 20)
Last: JH (in DC)

NewsblogJustice: 3-homer effort puts Miguel Cabrera ahead of pace from MVP 2012 season
(2 - 11:32pm, May 20)
Last: Cooper Nielson

NewsblogDraft Features Rarest of Prospects: Redheads
(107 - 11:09pm, May 20)
Last: Alex meets the threshold for granular review

Demarini, Easton and TPX Baseball Bats

 

 

 

AllianceTickets.com has cheap MLB Tickets. Get all your Colorado Rockies Tickets, Seattle Mariners Tickets, San Francisco Giants Tickets and all your favorite baseball tickets here. We also carry cheap Denver Broncos Tickets, Seattle Seahawks Tickets and Denver Nuggets Tickets.

For wholesale prices on baseball gifts and equipment, check these stores out!

Baseball Autograph Signings
Baseball Card Supplies
Baseball Memorabilia
Baseball Collectibles
Baseball Equipment
Baseball Protective Gear

Page rendered in 0.1363 seconds
53 querie(s) executed