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Report: Mets 'bleeding cash'

Updated: May 25, 2011, 9:47 AM ET
ESPNNewYork.com

New York Mets owner Fred Wilpon has said the team is "bleeding cash" and could lose $70 million this season, and he has revealed that the person that triggered the financial meltdown, Bernard Madoff, was once offered a stake in the club.

Wilpon also said in an interview for the May 30 edition of Sports Illustrated that he fears he could lose the Mets if the trustee for victims of Madoff's Ponzi scheme wins a $1 billion lawsuit against the team and the owner's other interests.

"I ...

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