The Mets‘ ownership group, led by Fred Wilpon, has been stuck in a legal and financial mess stemming from investments with Ponzi schemer Bernie Madoff. A court trustee trying to recover losses for victims of the scam has made a $1 billion claim against the Mets, with a federal court trial date set for next March in the case.
“We are very confident in the team’s plans _ both off and on the field,” Wilpon said. “We will engage with other individuals, some who have been previously vetted by Major League Baseball, along with other interested parties, regarding a potential minority investment into the franchise. My partners and I thank David for his interest in considering this opportunity and wish him well in the future.”