Tom Verducci: Mets owner Fred Wilpon sounds off on his beloved team's troubles

[SRNewsBot]

New York Mets owner Fred Wilpon, as profiled this week in Sports Illustrated, provided a blunt picture of the team's finances: The team is "bleeding cash" at the rate of a possible $70 million loss this year and his ownership of the team could be jeopardized by the $1 billion lawsuit against him and his Sterling Equities partners. The suit was filed by the trustee of the liquidation of Bernie Madoff's investments.

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