Thursday, February 05, 2009

Bernie Madoff screwed Sandy Koufax

ESPN:
Hall of Famer Sandy Koufax, a high school baseball teammate and friend of Mets owner Fred Wilpon, was among the clients who lost money investing with Bernard Madoff, according to a court filing released Wednesday night.

More than two dozen accounts involving the Mets, their owners and companies affiliated with their owners were listed, many with addresses at Shea Stadium. Koufax was the only immediately recognizable big-name player on the list.

Koufax attended Lafayette High School along with Wilpon in the 1950s and the two remain close. Koufax usually shows up each year at the Mets' spring training complex in Port St. Lucie, Fla.

Among the entities that had accounts with Madoff were Sterling Mets, the Mets Limited Partnership, the New York Mets Foundation and Sterling Doubleday -- the entity that owned the team when Wilpon and Nelson Doubleday were partners.

No amounts were listed in the filing, made in U.S. Bankruptcy Court in Manhattan.[...]

The Mets have not said how much the entities and individuals have lost. Jeff Wilpon said in December the money can be replenished over time as the operating businesses generate profits.

"The individual partners lost some money at Madoff. It doesn't affect the Mets. It doesn't affect the Citi Field project. It doesn't affect SNY or any of our other operating businesses," Jeff Wilpon said.
Dang...

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