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 is a fine piece of cheese 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. valuearbitrageur 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 Partner

Support BBTF

donate

Thanks to
Jim Wisinski
for his generous support.

Bookmarks

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogPhils' philospophy beginning to evolve | phillies.com
(18 - 3:42am, Oct 26)
Last: Dog on the sidewalk

Newsblog2014 WORLD SERIES GAME 4 OMNICHATTER
(873 - 3:39am, Oct 26)
Last: PreservedFish

NewsblogMLB - Royals' Ned Yost keeps managing to win - ESPN
(13 - 3:15am, Oct 26)
Last: Bhaakon

NewsblogOT:  October 2014 - College Football thread
(482 - 1:31am, Oct 26)
Last: Robert in Manhattan Beach

NewsblogBuster Olney on Twitter: "Sources: Manager Joe Maddon has exercised an opt-out clause in his contract and is leaving the Tampa Bay Rays immediately."
(90 - 1:16am, Oct 26)
Last: DFA

NewsblogOT: Politics, October 2014: Sunshine, Baseball, and Etch A Sketch: How Politicians Use Analogies
(3811 - 12:24am, Oct 26)
Last: Howie Menckel

Newsblog2014 WORLD SERIES GAME 3 OMNICHATTER
(521 - 10:56pm, Oct 25)
Last: Sunday silence

NewsblogDave Dombrowski: Injury worse than expected, Miguel Cabrera 'is as tough as you can possibly be' | MLive.com
(30 - 10:52pm, Oct 25)
Last: RMc is a fine piece of cheese

NewsblogOT: Monthly NBA Thread - October 2014
(396 - 8:40pm, Oct 25)
Last: Tom Cervo, backup catcher

NewsblogBoston Red Sox prospect Deven Marrero enjoying turnaround in Arizona Fall League | MiLB.com
(14 - 7:58pm, Oct 25)
Last: Merton Muffley

NewsblogYost's managerial decisions make for extra-entertaining World Series | FOX Sports
(16 - 7:30pm, Oct 25)
Last: BDC

NewsblogGambling Bochy creature of habit when it comes to pitchers | CSN Bay Area
(5 - 6:56pm, Oct 25)
Last: Bug Selig

Hall of MeritMost Meritorious Player: 1959 Ballot
(8 - 6:29pm, Oct 25)
Last: Chris Fluit

NewsblogOT: NBC.news: Valve isn’t making one gaming console, but multiple ‘Steam machines’
(872 - 6:02pm, Oct 25)
Last: Greg K

NewsblogJohn McGrath: The Giants have become the Yankees — obnoxious | The News Tribune
(20 - 4:40pm, Oct 25)
Last: Baldrick

Page rendered in 0.1317 seconds
52 querie(s) executed