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The Real Fred Wilpon Can't Shut Up

On Sunday, the Wilpons issued a spirited defense in response to the amended lawsuit filed against them by Irving Picard. There was nothing particularly controversial or earth-shattering in the Mets' owners' statement, apart from calling the charges "a work of fiction." Harsh words, perhaps, but no harsher than the accusations lodged against them.

And yet, the statement attracted an immediate and critical response from many in the press. David Lennon of Newsday seemed suspicious of the announcement's timing:

So release Castillo on day of Picard's $1 B announcement, and delay axing Perez until own defense comes out. Coincidence, I guess.

ESPN's Buster Olney took a similarly cynical view of the timing, and also wondered why the Wilpons bothered saying anything:

Not sure why the Mets insist on fighting Madoff PR war;they can't win, and even if they gain some favor, it really won't make a difference.

Every single time the Wilpons have spoken about the ongoing case, they've been criticized--not so much for what they've said, but for saying anything. Many writers and fans were critical of them for merely showing up at Port St. Lucie when spring training began. The tenor of these criticisms seems to be, Just be quiet and lay low until the Madoff mess is resolved.

To such criticisms, I'd say, "What universe are you from and how do I make sure I never go there?"

Star-divide

The Wilpons own the Mets, which is still a major league franchise in the baseball-obsessed media capital of the country. (Despite what those hilarious wags at Manhattan Mini Storage say about it. Way to pick big targets, guys.) They're not some privately held company whose transactions only appear deep in the tiny print of the Wall Street Journal. They're a baseball team.There is no way on earth that the owners of the Mets could keep quiet about anything involving their team. Not in this town.

If Mets ownership did what people seem to think they want--say nothing--the media would be hounding them night and day. WHAT ARE YOU HIDING? WHY WON'T YOU ISSUE A STATEMENT? WHY AM I SHOUTING? People would presume their guilt, even more so than they do now, I think. Because the family's reputation is being attacked. How on earth could they not respond to this in some way? Of all people, Olney--a former reporter on the Mets' and Yankees' beat--should know this.

As for the charge raised by Lennon and others that the Mets are timing announcements like Castillo's release and the now-officially-official release of Oliver Perez strategically for PR purposes, to that I'd say: Who cares? There isn't a business in the world that doesn't hold off on releasing news or making decisions official for PR reasons. At least not ones that want to stay in business. Why should the Mets be any different?

Journalists do something similar all the time. If something or someone becomes a hot item in the news, a paper will all of a sudden have a thorough investigative piece on it/him/her, writing that had been completed for weeks or months, waiting for the most advantageous moment to publish it. Is this unethical? No, it's just good business. It sells more papers and gets more page hits. Should the Mets operate differently than the papers that cover them?

Ultimately, what bothers me most about this kind of criticism--other than its complete lack of constructiveness--is that it contains within it the tacit belief that the Wilpons are guilty to some degree. The media is not a court of law, so the "innocent until proven guilty" principle does not apply here. But I find it curious that the media regards everything the Wilpons say with skepticism and derision, while not extending the same attitude, even slightly, toward Irving Picard.

The only person I can recall who's dared do so is, ironically, Jon Heyman. Normally extremely critical of the Mets, he tweeted on Sunday night:

if madoff trustee has recovered $10B and needs only $10B more to make victims whole, why is he suing for $90B?

I think the reason more reporters haven't tried asking such questions is because the Wilpons are the heels in this scenario. In part, that's because they're the ones being sued for allegedly knowing about the Madoff fraud and benefiting from it. But more importantly, to the media anyway, they're the overseers of the financial and competitive collapse of a franchise. Much of the scrutiny and criticism they've received is really a proxy for the criticism they should have received over the years for how they ran the Mets.

The Wilpons don't have a lot of public equity when it comes to any issue, which I understand. I even get why you would think a lack of judgment in running the Mets would cause you to question the truthfulness of any statements they make, regardless of the subject. But I wish people wouldn't conflate justified skepticism of their baseball acumen with a presumption of guilt in the Madoff case.

Guilty or not, the Wilpons can't remain silent. Insisting otherwise is little more than an excuse to dump on Mets ownership and, by extension, the team itself. Why bother, when they've given us a wealth of other material to work with?

Comment 63 comments  |  9 recs  | 

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Sports Journalism Axiom #1:

Never let the facts get in the way of the narrative.

Oh, the butcher and the baker and the people on the street: wheredotheygo?!?!? Right here: http://myentireteam.wordpress.com/

by CharlieH on Mar 21, 2011 2:28 PM EDT reply actions  

Rec'd

The media covering the Mets has proven time and time again to be biased against the club. They rehash the same tired old stories to paint the franchise in a negative light. David Lennon cranks up the snark to Heyman-like levels when he accuses the Wilpons of delaying the Perez announcement to make way for last night’s press release. Did Lennon even bother to consider the fact that the Mets played an away game yesterday and that Collins and Alderson were not at the complex, and thus unable to meet with Ollie in person? Lennon also dropped a “#SameoldMets” hashtag after Luis Castillo’s name was in the starting lineup on the day of his release. Did he even bother to ask anyone if there was a reasonable explanation for that? Nope. It doesn’t fit his preconceived Same Old Mets narrative. So excuse me if I’m just the slightest bit skeptical of the anti-Met media machine when they publish all of these allegations against the Wilpons in the Madoff case. These hacks are all too eager to gobble up negative stories to the detriment of real investigative reporting and hard news. I’m no fan of the Wilpons, but I’d trust their word over the birdcage-liner producers who are desperate for juicy stories to save their rapidly dying industry.

by xnumberoneson on Mar 21, 2011 2:29 PM EDT reply actions   1 recs

Anything said by the Wilpons or their Counsel re: the case

Is driven by factors the Media probably knows nothing about, but as always coincidence seems to equal causation in many people’s minds. Why would the releases matter anyway? They are on the hook for the money either way so trying to hook it on to the case looks even more stupid

"I reject your reality and substitute my own"
-Adam Savage

by blueandorange4life on Mar 21, 2011 2:52 PM EDT reply actions  

At this point

I just assume that everything these reporters say is untrue unless it’s confirmed by the team or multiple other sources

by joma16 on Mar 21, 2011 3:06 PM EDT reply actions   1 recs

People are dumb

What are they supposed to do? Sit there and say nothing when they are sued, accused of stuff they may or may not have done (justly or not), have their names dragged through the mud (justly or not), and so on?

Yeah, anything they say in defense of themselves/ their businesses is going to get analyzed and trashed, because trashing the Mets in any manner is in vogue (justly or not), but stoicicism is not a particularly good idea in a field such as high profile sports ownership, where we know the media salivates for controversey, and is not averse to making things up in order to sell a story.

"Blinding ignorance does mislead us. O! Wretched mortals, open your eyes!"
Gil Hodges IS a Hall of Famer.

AA Gamethread Embiggening Record Holder- 453 posts (10/03/10)
3rd Place- 2011 AAOP Contest

by Brooklyn Dodgers Mets Fan on Mar 21, 2011 3:07 PM EDT via mobile reply actions   1 recs

The legal aspects of everything, yeah

In the court of public opinion, they’ve already lost, fairly or unfairly.

"Blinding ignorance does mislead us. O! Wretched mortals, open your eyes!"
Gil Hodges IS a Hall of Famer.

AA Gamethread Embiggening Record Holder- 453 posts (10/03/10)
3rd Place- 2011 AAOP Contest

by Brooklyn Dodgers Mets Fan on Mar 21, 2011 3:11 PM EDT via mobile up reply actions  

Guilty or innocent

they still have a franchise’s image to protect.

Save Jenrry Mejia!

by Ogre39666 on Mar 21, 2011 7:55 PM EDT up reply actions  

that's my point

they usually seem indifferent when it comes to defending the club… now that it’s about them personally they appear to be all charged up. Too bad they don’t have the same passion for the ball club.

by ThnkGoodnessforHowieRose on Mar 21, 2011 9:54 PM EDT up reply actions  

When did they not defend the club?

In terms of passion, there IS a difference between sports writer hacks saying you’re incompetant, or don’t know how to draft, or whatever, and writing you’re a willing partner to a multibillion dollar fraudulent scheme, etc., of course.

The stuff about the team itself, most of it isn’t too personal in nature, and can be brushed off and/or ignored when need be. The other stuff? Not so much. Therein lies the difference.

"Blinding ignorance does mislead us. O! Wretched mortals, open your eyes!"
Gil Hodges IS a Hall of Famer.

AA Gamethread Embiggening Record Holder- 453 posts (10/03/10)
3rd Place- 2011 AAOP Contest

by Brooklyn Dodgers Mets Fan on Mar 21, 2011 10:16 PM EDT via mobile up reply actions   2 recs

Give me an example, please

Name an instance when the organization was getting slammed by whoever, and the situation necessitated ownership to comment, but said comment never happened.

"Blinding ignorance does mislead us. O! Wretched mortals, open your eyes!"
Gil Hodges IS a Hall of Famer.

AA Gamethread Embiggening Record Holder- 453 posts (10/03/10)
3rd Place- 2011 AAOP Contest

by Brooklyn Dodgers Mets Fan on Mar 22, 2011 12:32 PM EDT up reply actions  

after Frankie assaulted his father in law

 inside their own clubhouse. I don’t recall Fred making any public stmt after that embarrassing incident.

by ThnkGoodnessforHowieRose on Mar 22, 2011 12:59 PM EDT up reply actions  

Probably because that incident had a private aspect to it.

One of the franchises employees was having some obvious personal issues. And while yes, his actions effected and had repercussions for the franchise, they were still personal in manner and should be treated as such. The incident didn’t explicitly involve Fred Wilpon.

Save Jenrry Mejia!

by Ogre39666 on Mar 22, 2011 1:43 PM EDT up reply actions  

that would be the excuse or rationale given

for Fred’s MIA routine with anything involving the baseball operation over the past few years. whatever the reasons given, my plaint remains the same.

by ThnkGoodnessforHowieRose on Mar 22, 2011 2:45 PM EDT up reply actions  

False hustle, if you will

Lol

"Blinding ignorance does mislead us. O! Wretched mortals, open your eyes!"
Gil Hodges IS a Hall of Famer.

AA Gamethread Embiggening Record Holder- 453 posts (10/03/10)
3rd Place- 2011 AAOP Contest

by Brooklyn Dodgers Mets Fan on Mar 21, 2011 3:11 PM EDT via mobile up reply actions  

The NYC "press" is terrible and is just going to slam them anyway,

I don’t care for the Wilpons and wish we could be free of them, but in their defense just once, why serve up material for that pack of posers? It would be a different story if the press actually did their job, but they’re only self-stroking entertainers; I wouldn’t give them the time of day.

by Kepler on Mar 21, 2011 3:10 PM EDT reply actions  

rec'ed

for posting the same thing as me, but with depth and explaination.

"I only wanted a few things out of life -- a wife, children, to play baseball and to hunt deer." - Turk Wendell

by Rey-O on Mar 21, 2011 3:12 PM EDT up reply actions  

Eh,

‘What the Wilpons also don’t seem to realize, although you would think their lawyers would tell them, its that the trustee does not have to prove that they knew Madoff waas a crook to hold them liable.’

I’d be willing to bet the Wilpons are well aware of this above. Are you thinking they, or more to the point their team of lawyers, are ignorant of that fact?

‘He just has to prove that they should have known, i.e were negligent in ignoring the red flags and warnings that were there.’

And concerning this above, be that as it may, I’m very curious how Picard can prove ‘should have known’ any more than ‘did know’.

I’m not defending the Wilpons or Picard one way or another here. However, I’ve read just as many opinions from same type lawyers who think Picard has a strong case as I’ve read from those that believe Picard and ‘reaching’ is an understatement.

This will go on and on and on.

by MetsFan4Decades on Mar 21, 2011 5:24 PM EDT up reply actions  

some examples (incomplete) as to how he intends to prove it.

1. The fact that other Sterling employees told the Wilpons Bernie’s numbers did not add up.
2. That no investor was ever allowed to contact Madoff directly with questions about his or her account.

3. That Merrill Lynch refused to deal with him and bascially said he was a crook.
4. That Madoff told the Wilpons they had to segregate the Sterling firms Madoff was involved with so that he did not have to register with the SEC.

by Endys Game on Mar 21, 2011 5:50 PM EDT up reply actions  

Yes, I've read these accusations as well.

It was more or less a theoretical question on what the difference is with having to prove ‘should have known’ vs. ‘did actually know’.

Overall, I’m sick to death of the incompetence of everyone involved with the Ponzi scheme from the SEC on down. I read Madoff’s interview from jail in the The New York Magazine. Fascinating reading where Madoff claimed he didn’t understand how everyone didn’t pick up on what he was doing much sooner.

Our tax dollars at work. But that’s a debate for a different type of blog.

by MetsFan4Decades on Mar 21, 2011 5:55 PM EDT up reply actions  

yeah if he was truly sincere and contrite

which he obviously isn’t, he’d spill all the beans and say where a lot of this money is hiding or if it was all lost trading or gambling or whatever and how exactly he was able to pull this off without any help… he had to have insiders complicit with him… to date I think only his deputy has taken a fall… DiPasquale or something like that… otherwise he hasn’t cooperated with the feds at all.

by ThnkGoodnessforHowieRose on Mar 21, 2011 6:08 PM EDT up reply actions  

I think the Wilpons might be complicit

not because they’ve made bad baseball moves, but because they’ve provem themselves time and time again to be liars.

"I only wanted a few things out of life -- a wife, children, to play baseball and to hunt deer." - Turk Wendell

by Rey-O on Mar 21, 2011 3:11 PM EDT reply actions  

That doesn't make them complicit

"He who gets the best players usually wins" - Bobby Bowden

by Russ on Mar 21, 2011 3:16 PM EDT up reply actions  

Sure, I said they might be

The point being I just don’t trust them anymore, and I would hardly be surprised. My gut feeling is hardly a sentencing.

I just think the media has a good reason to be biased against the Mets, because frankly the organization has been extremely duplicitous in its dealings with the public. At the end of the day they think the Wilpons will lose this case or settle it and they want to be on the “right” side of public indignation.

"I only wanted a few things out of life -- a wife, children, to play baseball and to hunt deer." - Turk Wendell

by Rey-O on Mar 21, 2011 3:24 PM EDT up reply actions  

Now that I think about it

I’ve never seen the Real Fred Wilpon and the Real Julio from Patterson in the same room at the same time. Hmm…..

"He who gets the best players usually wins" - Bobby Bowden

by Russ on Mar 21, 2011 4:30 PM EDT up reply actions  

That makes sense!

"He who gets the best players usually wins" - Bobby Bowden

by Russ on Mar 22, 2011 9:09 AM EDT up reply actions  

Of course

The greatest actor of our time!

Now, kids, being eaten by a crocodile is just like going to sleep; in giant blender.

by meigs1414 on Mar 22, 2011 1:11 PM EDT up reply actions  

Seriously...

There will be no concrete evidence linking the Wilpons/Katz to previous knowledge of wrongdoing by Madoff. This will be tied up in litigation for years and the Mets may never have to give up a penny. In the meantime someone looking to make a buck will spend upwards of 200 mil to buy 25 percent of the team and the team will continue operations as usual with a slightly smaller but better spent payroll of about 115 mil.

by The real Julio from Paterson on Mar 21, 2011 3:53 PM EDT reply actions  

no, precedent is pretty strongly in favor

of the trustee given the facts and circumstances as we know it…

by ThnkGoodnessforHowieRose on Mar 21, 2011 3:56 PM EDT up reply actions  

What facts?

What information is out there that paints the Wilpons as anything other than victims?

by The real Julio from Paterson on Mar 21, 2011 4:02 PM EDT up reply actions  

Yeah

the fact that victims of ponzi schemes don’t usually make money.

"I only wanted a few things out of life -- a wife, children, to play baseball and to hunt deer." - Turk Wendell

by Rey-O on Mar 21, 2011 4:08 PM EDT up reply actions  

they withdrew more money than they put in.

it’s almost certain they’ll have to return that money… about $300MM… it’s now only about whether there will be punitive damages on top of that based on whether or not they should have known what was really going on.

by ThnkGoodnessforHowieRose on Mar 21, 2011 4:08 PM EDT up reply actions  

You are pretty spot on

I was just about to write that the Mets are going to have to pay $300M. Seeing that there is no smoking gun, I can’t see Picard receiving anything near the $1B he is asking for. As the litigation churns on, Picard will drop his asking price, because the court sure sin’t going to impose $700M plus in penalties.

The problem is that the Wilpons are already hurting without having paid a dime yet. $300M is already going to be a deep wound. Imgaine what a penalty of $300M-$400M will do.

by Coolpapabell on Mar 21, 2011 4:32 PM EDT up reply actions  

Based on everything I've heard

it sounds like there were more than a few “smoking guns” and they’ll ultimately have to fork over more than 1/2 a Bill… but that amount is just a guess… more wouldn’t surprise me.

by ThnkGoodnessforHowieRose on Mar 21, 2011 4:36 PM EDT up reply actions  

I think the you are talking about the

Wilpon business partner that refused to sign on because he couldn’t replicate the trade and Sterling’s internal auditor who cautioned against Madoff. Yeah it sounds bad, but do you think that would destroy their defense.

You are right though. They will have to pay about a half a billion, (paying back the $300M and $200-400M in penalties). Its going to hurt them for sure.

by Coolpapabell on Mar 21, 2011 4:46 PM EDT up reply actions  

will depend on how fast

they want the whole thing to go away. sounds like they intend to fight the charges and admit to nothing…. that’s the danger of taking the fight to the court of public opinion which they seem to be ok with. Nevertheless, there’s a lot of circumstantial evidence already out which ties them pretty closely to madoff and picard only has to prove that they “should have known” that madoff’s business wasn’t on the up and up… he doesn’t have to prove they actually knew anything. It’s a pretty low standard… based on Wilpon employees/lackeys acting as fiduciaries or agents for madoff by processing account paperwork, fielding investor inquiries and processing tax documents makes it all very sticky for the Pons and could be interpreted that they had an obligation to know madoff’s business (even if they didn’t)…

at least that path is one possibility for picard to pursue.

by ThnkGoodnessforHowieRose on Mar 21, 2011 5:30 PM EDT up reply actions  

sigh

please please do some basic background reading/research before asserting views on legal matters on a blog. The legal standard the trustee is using does not require actual knowledge to hold the Wilpons liable.

by Endys Game on Mar 21, 2011 4:29 PM EDT up reply actions  

This is a SPORTS blog remember...

Sorry Mr. SEC if i’m not an expert. But lets say the 300 million or so in profits has to be paid back. Why, If no evidence of wrongdoing is found would they have to pay any penalties over that. AND when the ballon burst there were over 500 million dollars still invested with Madoff that they lost right away.

by The real Julio from Paterson on Mar 21, 2011 5:02 PM EDT up reply actions  

the money

in the account on paper when Madoff was arrested has obviously been considered when the trustee cites that the WIlpons withdrew $300M more than they put in to madoff accts.

by ThnkGoodnessforHowieRose on Mar 21, 2011 5:09 PM EDT up reply actions  

IDK

If it was or not. But my understanding is that they dealt with Madoff for almost 30 years. So the financial records would be conflicting when u consider the profits were made up. It just sounds like a mess that will take years to clear up to me. If they made 300 in supposed profits and lost 500 mil in one shot than they would have to have invested 1 billion and I haven seen a figure that big mentioned yet.

by The real Julio from Paterson on Mar 21, 2011 5:15 PM EDT up reply actions  

This is a sports blog

but when we talk about things other than sports, it should sound well-reasoned. I am not claiming to be an expert but just to make blanket assertions that the Wilpons are just victims is pretty baseless. Remember there are other lawsuits as well pending against them, not just Picard’s. They took employee 401K money and invetsed it with Madoff. Now that money is gone and those people are pretty pissed to put it gently. I bet they are somewhat curious as to what the Wilpons knew or should have known about Madoff even if you aren’t.

 I am not trying to be harsh against you here. You clearly are interested in what is going on. I just want you to understand it is a lot more complex than just saying the Wilpons lost money therefore they did not do anything wrong.

by Endys Game on Mar 21, 2011 5:46 PM EDT up reply actions  

"The Situation with the loss of Sterling's equity in the Madoff investments will in no

way affect the day to day operations of the N.Y. Mets.One has nothing to do with the other"
Fred Wilpon quote? True or False.

by Putnan Prince on Mar 21, 2011 4:24 PM EDT reply actions  

When did The Situation

get involved with the Wilpons? New reality show based at Citifield?

by ThnkGoodnessforHowieRose on Mar 21, 2011 4:34 PM EDT up reply actions  

He may be

our new second baseman.

What's the score, boys?
What did Bugs Bunny do?
What's with the Carrot League baseball today?

by StorkFan on Mar 21, 2011 4:35 PM EDT up reply actions  

The cast of Jersey Shore

is in better financial shape than the Wilpons.

by xnumberoneson on Mar 21, 2011 5:04 PM EDT up reply actions  

Snooki at second

"Blinding ignorance does mislead us. O! Wretched mortals, open your eyes!"
Gil Hodges IS a Hall of Famer.

AA Gamethread Embiggening Record Holder- 453 posts (10/03/10)
3rd Place- 2011 AAOP Contest

by Brooklyn Dodgers Mets Fan on Mar 21, 2011 10:18 PM EDT via mobile up reply actions  

I’m no expert, but I’m thinking she doesn’t have a lot of range.

Official ledge-talker-offer of the Buffalo Bills.

by WhyBillsWhy on Mar 22, 2011 4:45 PM EDT up reply actions  

O/T

but I loved how the situation basically shit his pants at the Roast of Donald Trump. It was glorious.

Save Jenrry Mejia!

by Ogre39666 on Mar 21, 2011 10:42 PM EDT up reply actions  

Yeah that doesn't win them much equity

with public opinion.

I pretty much assume anything they say regarding their finances are thrity times worse than how they portray them.

by Coolpapabell on Mar 21, 2011 4:48 PM EDT up reply actions  

'"What universe are you from and how do I make sure I never go there?"

Couldn’t agree more.

What’s even more annoying is these baseball beat writers presuming to know more than the lawyers for both sides.

I didn’t know one the requirements for having a beat writer gig for MLB was a law degree.

by MetsFan4Decades on Mar 21, 2011 5:15 PM EDT reply actions  

agree

good post matthew. for me, a good outcome would be the wilpons giving up controlling interest … but this would be a pretty shitty way for it to happen!! me? i actually sympathize with them, amazin’ly enough.

by metsexile on Mar 21, 2011 7:27 PM EDT reply actions  

Writers

really are despicable/

by jdon on Mar 21, 2011 7:29 PM EDT reply actions  

I don't really care about this debate either way.

I just hope the Wilpons have to sell the team in the next year or two.

by FrancoTAU on Mar 21, 2011 11:02 PM EDT reply actions  

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