Madoff-Burned Owners Must Sell Mets: Author

Mets call remark 'completely irresponsible'
By Harry Kimball,  Newser Staff
Posted Aug 28, 2009 2:23 PM CDT
Bernard Madoff.   (AP Photo)
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(Newser) – The Wilpon family will have to sell the New York Mets after losing $700 million to Bernie Madoff's Ponzi scheme, according to an author who wrote about the money manager. “It's possible they would have to sell by next year,” says Erin Arvedlund, author of Too Good to Be True. The team denied it, calling her remark "completely false" and "irresponsible." The Mets are valued at $912 million, second-highest after the Yankees, Reuters reports.