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's Yelling Mob of Hackmen 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
Shooty is obsessed with the latest hoodie
for his generous support.

Bookmarks

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogOT - December 2016 NBA thread
(1207 - 2:34am, Jan 21)
Last: Booey

NewsblogHall of Fame's Rule of 10 should be changed | MLB.com
(64 - 1:49am, Jan 21)
Last: SoSH U at work

NewsblogOTP 16 Jan. 2017: The ‘honor’ Trumps politics in scheduling Cubs’ White House visit
(1704 - 1:28am, Jan 21)
Last: Guy Heckler's Veto

Hall of Merit2018 Hall of Merit Ballot Discussion
(104 - 12:52am, Jan 21)
Last: Dr. Chaleeko

NewsblogEx-Astro Luis Valbuena reportedly agrees to deal with Angels - Houston Chronicle
(10 - 11:38pm, Jan 20)
Last: Los Angeles El Hombre de Anaheim

NewsblogJosh Hamilton Prepared to Earn Spot on Rangers' Roster
(45 - 11:38pm, Jan 20)
Last: Sunday silence

NewsblogOT - NFL stretch drive/playoffs (December 2016 - February 2017)
(618 - 11:28pm, Jan 20)
Last: Crispix reaches boiling point with lackluster play

NewsblogOrioles, Mark Trumbo agree to deal | MLB.com
(10 - 11:16pm, Jan 20)
Last: Infinite Yost (Voxter)

Newsblog2017 Top 10 first base prospects | MLB.com
(3 - 8:35pm, Jan 20)
Last: Cargo Cultist

NewsblogOT Gaming: October 2015
(608 - 8:33pm, Jan 20)
Last: PASTE does not get put on waivers in August

Hall of MeritMost Meritorious Player: 2000 Discussion
(24 - 6:12pm, Jan 20)
Last: DL from MN

NewsblogJayson Stark: Casting my 2018 Hall of Fame ballot ... today
(67 - 6:07pm, Jan 20)
Last: Baldrick

NewsblogWhat the Hall of Fame elections will look like through 2022
(92 - 5:31pm, Jan 20)
Last: Blastin

NewsblogMarlins Acquire RHP Straily from Reds
(22 - 5:30pm, Jan 20)
Last: Edmundo got dem ol' Kozma blues again mama

NewsblogPrimer Dugout (and link of the day) 1-20-2017
(21 - 5:16pm, Jan 20)
Last: Pat Rapper's Delight (as quoted on MLB Network)

Page rendered in 0.1330 seconds
47 querie(s) executed