Mets owners Fred Wilpon and Saul Katz are probably relying on their "happy place" of Shake Shack burgers and summer day games to get through this very difficult time. They face a $1B lawsuit in connection with their wheelings and dealing with Ponzi schemer Bernie Madoff, not to mention the real estate fund they control, Sterling American Property V fund, is seeing commercial properties either decline or fall into bankruptcy. They're so concerned that they've convinced investors to buy a stake in the Mets so the team can do what they do best—play sub-.500 baseball. [WSJ]
Filed under: