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Fred Wilpon on his money problems: “it’s all in the rear-view mirror”

Feb 13, 2013, 2:30 PM EDT

Fred Wilpon

Fred Wilpon showed up at spring training today and said that his financial problems are over:

“It’s all in the rear-view mirror… The family is in great shape. The family really is in great shape. Sometimes luck is the residue of design … There’s no one in my family — there’s the Katz family, the Wilpon family, kids — [that now] has any personal bank debt. Zero. Everything has been paid. We don’t owe a dollar to anybody … “That’s what made us tight. We were still getting revenues. Lots of revenues. But those revenues were going to pay off debt. That’s done.”

Wilpon said that starting next year that the payroll will go up and Sandy Alderson can chase free agents “if prudent.”

You’d like to believe Wilpon here if you’re a Mets fan. But this is also the guy who, when all of the Madoff stuff began, said that it wouldn’t impact the Mets or the on-the-field product. It certainly has.

So put up or shut up, Fred. That’s the only way you’re going to win back the Mets fans your ownership of the team has alienated.

  1. chill1184 - Feb 13, 2013 at 2:35 PM

    Go away Fred. Talk is cheap, Ill believe it when I see it.

  2. unclemosesgreen - Feb 13, 2013 at 2:41 PM

    The Wilpons make even Scrooge McLoria seem marginally less odious.

    • Old Gator - Feb 13, 2013 at 2:57 PM

      The Wilpoons aren’t in Scrooge’s class. They screwed themselves. They screwed the team. For all I know, they even screwed the pooch.

      But they did not even come close to doing to New York what Scrooge McLoria and the Chihuahua inflicted upon Macondo with the Macondo Banana Massacre Field scam. Not even proximate to close. If you scaled up for an accurate comparison, you’d be talking about the theft of an amount equal to the entire national budget of a third world armpit with nuclear ambitions. The Wilpoons aren’t even marginally bright enough to pull that off.

    • thebadguyswon - Feb 13, 2013 at 3:42 PM

      Not seeing that comparison at all.

  3. thebadguyswon - Feb 13, 2013 at 2:41 PM


  4. eshine76 - Feb 13, 2013 at 2:45 PM

    Fred can brag all he wants to about his big dinner at Morton’s but we all know that he’s just ordering the grilled chicken and water.

    • badintent - Feb 15, 2013 at 2:54 AM

      Why isn’t this POS in Jail ? Friends in high places ? Dumb luck? Holder too busy with Fast and Furious investigation?

  5. sdelmonte - Feb 13, 2013 at 2:50 PM

    He hasn’t alienated me; and I trust in Sandy Alderson and am glad they didn’t spend the money on Bourn. But if things are fine, why aren’t they signing any outfielders? It is a bit fishy.

    But I will withhold judgement till next winter.

    • jwbiii - Feb 13, 2013 at 5:40 PM

      Are you suggesting that Marlon Byrd and Corey Patterson aren’t outfielders?

    • jarathen - Feb 14, 2013 at 9:14 AM

      Why sign an outfielder when your only reason for avoiding a dead last finish this year is Miami? Why throw money at a team that’s going to be bad regardless? Mets need to lay low, accumulate prospects, let the ones they have mature. They’re not close.

      • sdelmonte - Feb 14, 2013 at 9:39 AM

        I actually think they are going to be mediocre no matter what, but you are right overall. And yet, there are some decent OFs out there that won’t cost much and will be a step up from Kirk and Cowgill.

        Not saying I’m angry about this. And I like Duda a lot. I am just wondering.

  6. danielponce - Feb 13, 2013 at 2:52 PM

    if anyone remembers the benetton ads with barack kissing chavez and the pope kissing al-azhar, i’d love someone to shoop wilpon kissing loria… its for my fan fiction “old rich white guys love fucking fans over… and each other”

    • chill1184 - Feb 13, 2013 at 3:05 PM

      I would lobby for it to be a three way between Loria, Wilpon and Selig

      • stlouis1baseball - Feb 13, 2013 at 3:44 PM

        Let’s come to an agreement.
        Neither of us will ever (under any circumstances) mention the names Loria, Wilpon, Selig and three way in the same sentence again.
        You just wrecked my afternoon.
        Thanks a lot Man!

      • chill1184 - Feb 13, 2013 at 4:36 PM


        Fair enough and I apologize

  7. fissels - Feb 13, 2013 at 3:10 PM

    And my love for this team is in the rear view mirror too.

  8. mtr75 - Feb 13, 2013 at 3:15 PM

    The family may be in good shape, but the Mets are screwed. The Wilpon’s are borrowing from Peter (SNY) to pay Paul (Citi Field). The house of cards is eventually going to fall, it’s just a matter of when.

    • stlouis1baseball - Feb 13, 2013 at 3:42 PM

      That sounds very familiar mtr.
      Robbing Peter to pay Paul. Hmmmm….
      At some point…the shoe has to drop.
      As you said…it’s just a matter of when.

  9. jetstizzi85 - Feb 13, 2013 at 3:42 PM

    Funny thing is, the Madoff situation didnt hurt the Mets on field production. Omar’s stupid signings for tons of money and injuries hurt the team most.

  10. mojosmagic - Feb 13, 2013 at 3:47 PM

    Ebenezer Loria and Fast Freddy Wilpon actually have a lot in common. They are both lying crooks who took down the fans while enriching themselves. Notice Wilpon said we don’t have any “personal debt”. True you protected your own wealth by siphoning money from the Mets. Your corporations still owes hundred of millions that will end up being settled in bankruptcy court. They both reduced payroll this past off season and the both care nothing about winning. The two of them don’t make one.

    • chill1184 - Feb 13, 2013 at 4:33 PM

      As I’ve pointed out in the past the reason Wilpon, Loria, Dolan, Nutting and Glass continue to retain control of their teams because of one man; Bud Selig. When the man at the top protects it’s cronies from standards that would be applied to others one has a problem. However because the media doesn’t care or outright hates the teams they won’t press Selig on his hypocrisy.

  11. mtr75 - Feb 13, 2013 at 3:50 PM

    Here is an example of the financial wizardry of Fred Wilpon:

    “There’s no one in my family — there’s the Katz family, the Wilpon family, kids — [that now] has any personal bank debt. Zero. Everything has been paid. We don’t owe a dollar to anybody. We have mortgages on buildings and stuff like that, but we don’t owe a dollar.”

    So you have mortgages… but you don’t owe a dollar. How does that work, Freddy boy?

    • hep3 - Feb 13, 2013 at 6:00 PM

      The only thing you need to know about the Wilpons and money is the Bobby Bonilla settlement.

  12. alexo0 - Feb 13, 2013 at 3:51 PM

    Probably said that because he’s now living in his car.

    • fissels - Feb 13, 2013 at 4:34 PM


  13. mazblast - Feb 13, 2013 at 11:37 PM

    As soon as one reads, “Fred Wilpon says…” or “Fred Wilpon said…”, the matter is settled.

  14. pisano - Feb 13, 2013 at 11:49 PM

    At a fast glance Wilpon looks like Joe ( horse teeth ) Biden, God help him.

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