Feb 16

Don’t get excited about ownership news

Bernie Madoff’s confession that the Wilpons “knew nothing,” about his Ponzi scheme coupled with the news Fred Wilpon talking with Donald Trump about purchasing a portion of the Mets makes for interesting copy, but don’t put too much stock into it turning the franchise around.

Translation: Still no big spending.

Madoff is in jail for fraud, lying and stealing so what is his word worth anyway? Madoff’s confession certainly won’t get the lawyers off the Wilpon’s back so the lawsuit will go on as planned.

As for Trump, well, his money would indeed help and he’s indicated a willingness to help the Wilpons. However, his reputation is not for playing second string so I don’t see him, or any other investor for that matter, spending millions and not getting a say in the way things are handled. That’s just not his style.

It is also not the Wilpons’ style to give up control. Today in Port St. Lucie, Jeff Wilpon insisted to reporters that controlling interest in the team is not for sale.

“We’re not selling controlling interest in the team. It’s not on the table,” said.

Perhaps more importantly, Major League Baseball won’t allow Trump to invest in any percentage of the team as long as he owns casinos. MLB has hard rules on gambling and there will be no allowing him to own part of a team if he’s connected with gambling. At one time, MLB banned both Mickey Mantle and Willie Mays from baseball while they were employed after their careers at casinos.