Touch 'Em All: Mets' deal with investor goes south

Bernie Madoff was too consistent.
Bernie Madoff was too consistent. (MARIO TAMA / Getty Images)
Posted: September 02, 2011

Looks as if unhappy days will continue for those threadbare New York Metropolitans, after the Mets owners announced the deal to sell a minority stake to hedge fund manager David Einhorn for $200 million is kaput.

The ownership group, led by Fred Wilpon, has been mired in a legal and financial swamp after making investments with Ponzi scheme mastermind Bernie Madoff. A court trustee trying to recover losses for the scam's victims made a $1 billion claim against the team, which denied wrongdoing.

The Mets got a loan from Major League Baseball last November, and lined up Einhorn to buy into the club in May, with the investor's cash allowing him to help pay debts and cover operating expenses while having no say in how the club was run. (Such a deal!)

Wilpon's not giving up on finding another source of silent money, saying the team will seek out other potential investors. (Got $200 million? You could pay a baseball team's bills!)

In other financial news, ESPNLosAngeles cited a report in the Los Angeles Times that Los Angeles Dodgers owner Frank McCourt has been offered $1.2 billion to sell the team to Los Angeles Marathon founder Bill Burke, with the offer funded in part by Chinese investors.

Here's something you don't see every day

The most boring play in baseball - the intentional walk - got a little more interesting in Kansas City's 11-8 win over Detroit on Thursday. In the act of putting the Tigers' Victor Martinez on first, Royals rookie Danny Duffy - doing his best Nuke LaLoosh impersonation - launched one over the head of catcher Brayan Pena for a wild pitch.

Runner Miguel Cabrera, on second, didn't move, but it took Pena so long to get the ball that Cabrera was able to get over his shock and awe and get to third.

Duffy has thrown four wild pitches this season. That was his first attempt at an intentional walk (next time, hit the bull).

Odd numbers

Cool stats from Wednesday's epic between Cleveland and Oakland in which the Indians beat the Athletics, 4-3, on Jack Hannahan's one-out RBI single in the 16th inning: The game used 216 baseballs, with 14 pitchers, 34 strikeouts, and 509 pitches, and ended at 12:07 a.m Thursday, just 12 hours before the start of the series finale (a 7-0 win for the A's).


Contact staff writer Michael Harrington at

This article contains information from Inquirer wire services.

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