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 is Fairly Irrefutable 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 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

News

All News | Prime News

Old-School Newsstand


BBTF Partner

Support BBTF

donate

Thanks to
Dock Ellis
for his generous support.

Bookmarks

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogRyan Thibs has his 2017 HOF Tracker Up and Running
(842 - 8:42pm, Jan 17)
Last: Rennie's Tenet

NewsblogOTP 16 Jan. 2017: The ‘honor’ Trumps politics in scheduling Cubs’ White House visit
(522 - 8:41pm, Jan 17)
Last: Rickey! No. You move.

NewsblogCubs honored by President Obama at White House | MLB.com
(47 - 8:36pm, Jan 17)
Last: Brian C

Sox TherapyThe Kids Are or Are Not Alright
(16 - 8:26pm, Jan 17)
Last: Nasty Nate

NewsblogOT - December 2016 NBA thread
(1093 - 8:25pm, Jan 17)
Last: maccoach57

NewsblogJose Bautista close to signing with Blue Jays | MLB.com
(36 - 8:12pm, Jan 17)
Last: Infinite Yost (Voxter)

NewsblogRelocation Less Common in MLB Than NFL, Other Leagues
(6 - 8:05pm, Jan 17)
Last: crict

NewsblogOT: January 2016 Soccer Thread
(98 - 7:47pm, Jan 17)
Last: Jose is El Absurd Pollo

NewsblogNick Cafardo: Manny Ramirez’s desire to keep playing is being supported all over baseball
(3 - 7:28pm, Jan 17)
Last: dlf

NewsblogMaterials From Jim Bouton’s ‘Ball Four’ Days Going Once, Going Twice ... - The New York Times
(6 - 7:11pm, Jan 17)
Last: Howie Menckel

NewsblogBearing the Glory: Jackie Robinson's 1949 MVP Award
(12 - 7:10pm, Jan 17)
Last: Sunday silence

NewsblogFive Candidates Who Have Fallen a Single Vote Shy of Election to the Baseball Hall of Fame
(34 - 7:07pm, Jan 17)
Last: Howie Menckel

NewsblogJerry Dipoto’s Trade Activity, in Context | FanGraphs Baseball
(12 - 5:21pm, Jan 17)
Last: JimMusComp likes Billy Eppler....

NewsblogMatheny: Spring training 'priorities' may look different this year | stltoday.com
(1 - 3:43pm, Jan 17)
Last: cardsfanboy

Newsblog10 baseball trades that look more lopsided now | MLB.com
(28 - 3:24pm, Jan 17)
Last: Walt Davis

Page rendered in 0.2732 seconds
47 querie(s) executed