How much does this Madoff Securites scam really hurt the Mets? From the report I read on CNBC.com, Sterling Equities may have lost over $300 mil in this big time rip off of investors by Bernard Madoff who is so much a big scumbag that his own sons turned him in. Beside ripping off private investors he stole money from charities as well.

So what does this mean for the Mets, Brooklyn Cyclones and SNY all of which fall under the Sterling Equities corporate umbrella? Does it mean that the Skill Sets have to bring in a partner a la Nellie D or worse put the team up for sale? How much does this effect the payroll and the pursuit of other free agents?

This looks to become a huge story  as it would be a shocker if the Skill Sets had to sell even a 50 % share of the club and they just might if they have to make up for their loses.

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