NYMetsOnline

Judge Rakoff ruled today that the trustee was entitled to collect up to $83 million in fictitious profits from the Wilpons. This clears the way for a jury trial on March 19 in which the Wilpons could be on the hook for an additional $300 million.

Even as Jude Rakoff denied a bid by the Mets’ owners to dismiss the remaining counts against them, Rakoff said he was “skeptical” that the trustee, Irving H. Picard, can prove that the Wilpons acted in bad faith.

If they appeal Rakoff’s ruling, they will have to post a bond worth 110 percent of the monetary damages. If the figure is as much as $83 million, they would have to come up with $91 million.

It remains to be seen how the Wilpons can come up with $91 million when they twice have asked MLB for an extension of a $25 million loan and thias offseason borrowed an additional  $40 million from BOA. I personally do not understand the total financial ramifications the Wilpons are in but if Wilpons must pay an additional $91 million plus anywhere near close to another $300 million don't you figure the Wilpons are finished?

I would just caution fans who want the wilpons out that the grass isnt always greener on the other side. There are some horrific owners out there like Dan Snyder of the redskins and Steven Ross of the Dolphins. The Wilpons when they did not have these financial problems did spend maybe not wisely but did spend a lot. Obviously the farm system was ingored and  money was not allocated in the correct way but there sare some really bad owners in sports. I much rather would have the Wilpons own the team than Donald Sterling of the LA Clippers.