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Post by TheAnalyst on Jul 1, 2020 20:24:30 GMT -5
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Post by Sarcasman on Jul 1, 2020 22:27:42 GMT -5
You guys know the genesis of the right? The whole Madoff thing?
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Post by DandyDon on Jul 2, 2020 19:28:24 GMT -5
You guys know the genesis of the right? The whole Madoff thing? The genesis is whole Wilpon thing. Rich peeps who think because they succeeded in one thing, they are experts on other things.
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Post by DandyDon on Jul 2, 2020 19:37:31 GMT -5
You guys know the genesis of the right? The whole Madoff thing? The genesis is whole Wilpon thing. Rich peeps who think because they succeeded in one thing they are experts on other things and/or that their offspring are smart. IMO, it was the only good thing to come out of the Madoff thing.
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Post by Sarcasman on Jul 2, 2020 20:03:28 GMT -5
You guys know the genesis of the right? The whole Madoff thing? The genesis is whole Wilpon thing. Rich peeps who think because they succeeded in one thing they are experts on other things and/or that their offspring are smart. IMO, it was the only good thing to come out of the Madoff thing. I agree; they thought they could pay him on Madoff returns forever and never feel it. Madoff made them feel it deep, lol
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Post by TheAnalyst on Jul 2, 2020 20:17:37 GMT -5
After his subpar 1999 season, the Mets released Bonilla, but still owed him $5.9 million. Bonilla and his agent offered the Mets a deal: Bonilla would defer payment for a decade, and the Mets would pay him an annual paycheck of $1.19 million starting in 2011 and ending in 2035, adding up to a total payout of $29.8 million.
Mets owner Fred Wilpon accepted the deal mostly because he was heavily invested with Ponzi scheme operator Bernie Madoff, and the 10 percent returns he thought he was getting on his investments with Madoff outweighed the eight percent interest the Mets would be paying on Bonilla's initial $5.9 million. As a result, the payout was a subject of inquiry during the Madoff investment scandal investigation when it came to light in 2008.
He has only been getting paid for 10 years?! Man, feels like 20 already. 15 more to go!
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Post by DandyDon on Jul 2, 2020 21:19:53 GMT -5
After his subpar 1999 season, the Mets released Bonilla, but still owed him $5.9 million. Bonilla and his agent offered the Mets a deal: Bonilla would defer payment for a decade, and the Mets would pay him an annual paycheck of $1.19 million starting in 2011 and ending in 2035, adding up to a total payout of $29.8 million. Mets owner Fred Wilpon accepted the deal mostly because he was heavily invested with Ponzi scheme operator Bernie Madoff, and the 10 percent returns he thought he was getting on his investments with Madoff outweighed the eight percent interest the Mets would be paying on Bonilla's initial $5.9 million. As a result, the payout was a subject of inquiry during the Madoff investment scandal investigation when it came to light in 2008. He has only been getting paid for 10 years?! Man, feels like 20 already. 15 more to go! The insane deal they made was to pay 8% interest on it guaranteed every year, and they deferred it for 10 years? 8 percent a year for any extended period is a dumbass guarantee. Again, the wilpons are idiots.
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Post by BronxBomberBlue on Jul 9, 2020 23:05:14 GMT -5
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Post by BronxBomberBlue on Jul 9, 2020 23:21:27 GMT -5
Steve Cohen puts in $2B bid on Mets, Alex Rodriguez-Jennifer Lopez still in hunt The first round of bids for the Mets are in — and for starters Steve Cohen appears to have made the highest offer. Cohen, the hedge-fund billionaire who had previously offered $2.6 billion only to see the deal fall apart at the 11th hour, delivered the Wilpons an offer for $2 billion this time, according to a Fox Business report. That report stated Cohen is also willing to offer an additional $2 billion to also acquire SNY. Cohen’s bid wasn’t the only one to come in before Thursday’s deadline. nypost.com/2020/07/09/alex-rodriguez-and-jennifer-lopez-bid-has-proper-funding-to-buy-mets/
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Post by Sarcasman on Jul 9, 2020 23:48:32 GMT -5
They won't sell.
Those coc*^@#$%^&!!!!
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Post by BronxBomberBlue on Jul 10, 2020 0:36:03 GMT -5
They won't sell. Those coc*^@#$%^&!!!! I think it's going to happen, and I think Cohen will be your new owner.
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Post by TheAnalyst on Jul 10, 2020 5:31:03 GMT -5
I also think it will be Cohen, which will be great for Mets fans.
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Post by Fletch842 on Jul 10, 2020 6:16:36 GMT -5
I think A Rod would be an excellent owner. He's bright, absolutely loves the game, and does know it very well. Regardless, he or Cohen will be a huge improvement over current ownership.
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Post by Sarcasman on Jul 10, 2020 10:37:49 GMT -5
I'll believe it when I see it.
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Post by SG88 on Jul 10, 2020 10:49:18 GMT -5
Being a Mets and Knicks fan must be absolutely brutal. I'm not sure how those types stomach both the Wilpons and Dolan.
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Post by Nite on Jul 10, 2020 11:18:19 GMT -5
Being a Mets and Knicks fan must be absolutely brutal. I'm not sure how those types stomach both the Wilpons and Dolan. I have heard that Steve Cohen is in the process of buying the Mets outright from the Wilpons and the other miniority owners..
EDIT: Nvrmd old news
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Post by DandyDon on Jul 10, 2020 12:23:20 GMT -5
I'll believe it when I see it. I'll believe it only when the deal is done, approved by MLB and signed on the dotted line. This has been too much like Charlie Brown and Lucy with the football...
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Post by BronxBomberBlue on Jul 12, 2020 23:21:01 GMT -5
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Post by DandyDon on Jul 13, 2020 8:44:41 GMT -5
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Post by Sarcasman on Jul 13, 2020 10:10:13 GMT -5
The Wilpons are trying to sell the crap, non performing asset at a premium price while trying to keep the only profitable piece? Gee who would ever believe that? Stay tuned for more bad faith negotiations followed by news that the deals fell through
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Post by DandyDon on Jul 13, 2020 10:25:11 GMT -5
The Wilpons are trying to sell the crap, non performing asset at a premium price while trying to keep the only profitable piece? Gee who would ever believe that? Stay tuned for more bad faith negotiations followed by news that the deals fell through That's what's so weird about Cohen's offer - it's reported to be 2 separate bids? If so, in theory the Wilpons could accept the one for the team and reject the one for SNY. And the other bids reportedly dont address SNY at all. Is it really worth it to spend almost 2B for a business that loses 90 mill a year? I have read that some potential buyers have talked about development opportunities in the area around the ballpark - maybe that is how they could make this profitable? In any case, I have little confidence this happens soon, if at all.
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Post by BronxBomberBlue on Jul 14, 2020 0:11:39 GMT -5
MLB owners might not approve New York Mets sale to Steve Cohen (Report) According to Gasparino, the other owners in MLB don’t want Cohen to purchase the team because they’re scared of his wealth. They don’t want Cohen, who would be by far the richest owner in MLB, to come in and change the landscape of the league by overpaying players. MLB owners have worked very hard to lower salaries in the past few years. They don’t want Cohen to come in and spend his seemingly endless amount of money and cause the price of contracts to go up across the league. Along those same lines, Gasparino reports that sports owners Joshua Harris and David Blitzer are feeling good about their spot in the race. elitesportsny.com/2020/07/13/new-york-mets-sale-mlb-owners-might-not-approve-sale-to-steve-cohen/
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Post by DandyDon on Jul 14, 2020 2:14:12 GMT -5
MLB owners might not approve New York Mets sale to Steve Cohen (Report) According to Gasparino, the other owners in MLB don’t want Cohen to purchase the team because they’re scared of his wealth. They don’t want Cohen, who would be by far the richest owner in MLB, to come in and change the landscape of the league by overpaying players.MLB owners have worked very hard to lower salaries in the past few years. They don’t want Cohen to come in and spend his seemingly endless amount of money and cause the price of contracts to go up across the league. Along those same lines, Gasparino reports that sports owners Joshua Harris and David Blitzer are feeling good about their spot in the race. elitesportsny.com/2020/07/13/new-york-mets-sale-mlb-owners-might-not-approve-sale-to-steve-cohen/So, in other words, they dont want the Mets to able to finally compete in payroll with the Yankees?
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Post by BronxBomberBlue on Jul 14, 2020 7:34:06 GMT -5
MLB owners might not approve New York Mets sale to Steve Cohen (Report) According to Gasparino, the other owners in MLB don’t want Cohen to purchase the team because they’re scared of his wealth. They don’t want Cohen, who would be by far the richest owner in MLB, to come in and change the landscape of the league by overpaying players.MLB owners have worked very hard to lower salaries in the past few years. They don’t want Cohen to come in and spend his seemingly endless amount of money and cause the price of contracts to go up across the league. Along those same lines, Gasparino reports that sports owners Joshua Harris and David Blitzer are feeling good about their spot in the race. elitesportsny.com/2020/07/13/new-york-mets-sale-mlb-owners-might-not-approve-sale-to-steve-cohen/So, in other words, they dont want the Mets to able to finally compete in payroll with the Yankees? It’s more like they don’t want Cohen to make every big market owner to look like the Wilpon’s.
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Post by DandyDon on Jul 14, 2020 10:01:03 GMT -5
So, in other words, they dont want the Mets to able to finally compete in payroll with the Yankees? It’s more like they don’t want Cohen to make every big market owner to look like the Wilpon’s. ??
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Post by Sarcasman on Jul 14, 2020 10:27:58 GMT -5
It’s more like they don’t want Cohen to make every big market owner to look like the Wilpon’s. ?? Those top spots must be reserved for the Yankees Red Sox Dodgers and Giants
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Post by BronxBomberBlue on Jul 14, 2020 14:27:36 GMT -5
Those top spots must be reserved for the Yankees Red Sox Dodgers and Giants My point was, Cohen would create a Mount Everest of a new top spot where he would stand all by himself as no other owner comes close to his personal wealth. I mean, Billions' character Bobby Axelrod is based upon Steven Cohen, right? (??)
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Post by Sarcasman on Jul 14, 2020 14:33:27 GMT -5
Those top spots must be reserved for the Yankees Red Sox Dodgers and Giants My point was, Cohen would create a Mount Everest of a new top spot where he would stand all by himself as no other owner comes close to his personal wealth. I mean, Billions' character Bobby Axelrod is based upon Steven Cohen, right? (??) That is a gigantic and unfounded projection. That's why I'm certain there is some truth to it. The owners in every sport lack the discipline to manage themselves so I could see them needing to collude in order to exclude an owner that might somehow "force" them (lol!) to overspend themselves.
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Post by DandyDon on Jul 14, 2020 14:56:47 GMT -5
Those top spots must be reserved for the Yankees Red Sox Dodgers and Giants My point was, Cohen would create a Mount Everest of a new top spot where he would stand all by himself as no other owner comes close to his personal wealth. I mean, Billions' character Bobby Axelrod is based upon Steven Cohen, right? (??) There are other multi billionaire owners. No sure how Cohen would be so different.
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Post by BronxBomberBlue on Jul 14, 2020 15:11:02 GMT -5
My point was, Cohen would create a Mount Everest of a new top spot where he would stand all by himself as no other owner comes close to his personal wealth. I mean, Billions' character Bobby Axelrod is based upon Steven Cohen, right? (??) There are other multi billionaire owners. No sure how Cohen would be so different. None of them are worth over 13 billion. The richest MLB owner at the present time is 94 year old Nationals owner, Ted Lerner at 4.8 billion.
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