When the Bernie Madoff scandal broke, New York Mets fans were momentarily terrified because the team's owners had huge accounts with Madoff's firm. Turns out that was the Mets' best investment. Hey-o!
The Mets-owning Wilpon family actually made money on at leason one Madoff account. How's that for a "home run," EH?
The report shows that Mets LP, one of the team's financial arms, withdrew $570.5 million from two accounts it held with Mr. Madoff's company, $47.8 million more than it put in.
Dealbook notes that they had other Madoff accounts too, so they may come out with a net loss, but still. Pretty nifty. Now they're gonna get sued and have to give all that money back, because that's how it goes for the Mets (Luis Castillo).
Meanwhile the Yankees will clinch their World Series bid tonight. What a contrast. Big, big contrast.