Trying to make sense of what the Mets owners’ money woes could mean for the finances behind their new stadium:

If the last ten days in the life of Mets owners Fred and Jeff Wilpon were a baseball game, they would have been shut out, made 17 errors, and hit into a game-ending unassisted triple play. (That last feeling, admittedly, is one that they’re already familiar with.)

First, Irving Picard, the court-appointed trustee for Bernie Madoff’s Ponzi scheme victims, announced he was suing the Wilpons for as much as $1 billion in ill-gotten gains. Since then, it seemed like not a day has passed without a Wilpon-related bombshell… [read more]