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Could the investigation into the Mets open MLB’s books?

Feb 11, 2011, 6:57 PM EDT

Fred Wilpon

After speaking with a variety of legal experts and those around the baseball world, Ken Rosenthal and Jon Paul Morosi of FOXSports.com warn that the current litigation into the Wilpons’ involvement in Bernie Madoff’s Ponzi scheme may result in an exposure of MLB’s financial records.

Here’s what one former club president had to say:

“This is bad news for the Mets and everyone in baseball. Because of revenue sharing, everybody’s a partner of everyone else in a greater way than ever before. The discovery process and document searches aren’t going to be confined only to the Mets. This will get back to MLB.”

Rosenthal and Morosi paint one hypothetical scenario where the Mets may have cut a check from a Madoff-funded account in order to satisfy an obligation to MLB, such as the revenue-sharing system. Irving Picard could then ask MLB to tell him where the money was applied.

You can bet that MLB would do their best to keep this information under wraps, but Rosenthal and Morosi write that it would become public knowledge in the event of a trial. This is one of the reasons why commissioner Bud Selig is reportedly hoping for a settlement.

  1. crankyfrankie - Feb 11, 2011 at 10:01 PM

    If the Wilpons were unpopular at the start of these shenanigans how unpopular will they be with exposing all of their MLB partners? My guess would be at about a 12 on a scale of 1 to 10.

  2. lja76 - Feb 11, 2011 at 11:34 PM

    look at the bright side. atleast the mets might not be the only ones screwed by madoff? got to give it to the wilpons. i thought i seen it all being a mets fan. but this one is gonna be classic.

    • lja76 - Feb 11, 2011 at 11:36 PM

      welcome to our world baseball

  3. smokehouse56 - Feb 11, 2011 at 11:57 PM

    As a Phillies fan I really wish your team luck. NOT!

  4. lja76 - Feb 12, 2011 at 12:10 AM

    beeping cliff lee, jesus….. sf. is still scary though. but i aint gonna lie, i think your hitting is gonna be suspect.

    • xmatt0926x - Feb 12, 2011 at 9:51 AM

      as a phillies fan I have to agree. I worry about our offense and wonder if 4 aces is just overkill. Ok, back to taking pleasure in the Mets demise… hahahahahahahahahahahah. Just kidding. I wish them silly willys all the luck in the world. =D

  5. Kevin S. - Feb 12, 2011 at 2:07 AM

    Ordinarily, I’d rather a private company’s books stay private, but when said private companies have a long history of denying access to their books to their business partners (i.e. cities and states financing stadiums), I have a lot less sympathy.

    • paperlions - Feb 12, 2011 at 9:49 AM

      …and when such private companies site financial need when they state that require public aid to build 500 million dollar stadiums in order to not move to another city….

      • Kevin S. - Feb 12, 2011 at 12:13 PM

        Exactly, that’s what I was referring to. At least the MLBPA has access to the teams’ books, I think. The NBA is trying to get their PA to concede to rollbacks based on something like $400 million in annual losses without even letting the PA see the books to confirm.

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