I’m sure most Mets fans are like me when it comes to trying to make sense of the Mets finances in fact most fans talk about finances in pro sports like it’s a penny ante poker game (what is team A offering $1.2 mil? You know what? Make our offer $2mil even, fans throw $850K around like its $8.50) So it was with great anticipation that I awaited Howard Megdal’s latest tome, “Wilpon’s Folly” (Bloomsbury USA) that not only gives a time line of the events and devastation that Bernie Madoff brought to the Skill Sets and to the Mets franchise but how much of this angst could have been avoid, if the Wilpon’s, specifically Saul Katz listened to confidants they were close to about the warning signs.
Megdal put in exhausting research into this book and gives Mets fans insight into the people who run our beloved New York Mets. One of the main conclusions I took away with after reading Wilpon’s Folly’s is the Wilpon’s have a hard time taking good advice. They got some very good advice that could have protected themselves and their finances but chose to ignore the warning signs that Madoff was trouble, specifically Saul Katz whose own son, begged for him to diversify from Madoff but Saul Katz had bought into the Madoff way of business hook, line and sinker that has me wonder what goes on in Katz’ mind when he sits and reflects on this calamity.
As you read Wilpon’s Folly you just wonder where is the end game, when does it hit rock bottom for the Wilpon’s and what happens with the Mets when it does. Megdal comes up with a plan that makes sense and makes you wonder if someone close to the Wilpon’s would pitch to them in order to save whatever assets they can.
As much as Freddy Skill Sets wants to be Mets owner for life, that looks like a pipe dream and just goes to show you that Mets fans are “we-be’s” We be here when they got here and We be still here when they’re gone.