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Saul Katz wants to sell his stake in the Mets

The Mets' co-owner and brother-in-law to Fred Wilpon is reportedly interested in selling his share of the franchise.

Judge Rules: Mets-Madoff Lawsuit Going To Trial

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Judge Jed Rakoff has decided that the trial which could result in the Mets' owners owing $386 million will go forward as scheduled.

Mets-Madoff Lawsuit Could Be Decided Today . . . Sort Of

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US District Court judge Jed Rakoff is expected to declare a summary judgment in the case of the Bernie Madoff trustees versus the Mets' ownership group.

The Selig Giveth and the Selig Taketh Away...A Tale of Two Cities

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Bud Selig is helping decide the fate of two teams. Bud rejected a $200 million loan to the hated Dodgers, today. The loan was from Fox against a 4 year extension of their TV contract with the Dodgers, at the same $50 mil a year rate. Considering the Dodgers would have gotten a sizable increase in their next deal - this was good for Fox and bad for the Dodgers. But McCourt is desperate and doesn't give a crap. Unless McCourt comes up with some other crazy plan to raise cash, Selig pretty much issued his ownership a death warrant. On the other hand, Selig gave his buddies, Mets owners Wilpon and Katz, a secret $25 mil loan last November from some unknown pot of MLB cash. On top of operating cash problems, Wilpon and Katz are being sued by Bernie Madoff victims for $1 billion dollars, trying to claw back the profits they made off Madoff. There is a good chance they will lose. The other angle is that Selig is helping support the Mets $140 mil payroll - which doesn't make the other owners happy. Sandy Alderson sure jumped into another shitstorm.

ESPN's Outside the Lines' segment about the Mets and Madoff

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ESPN's Outside the Lines' segment about the Mets and Madoff

Fred Wilpon, Bernie Madoff, And The Mets: A Timeline

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Confused about the Wilpon/Madoff mess? Check out this post to sort through the facts.

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