Reuters
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It seems like a lot of Ifs, but...CHICAGO (Reuters) - The owners of the New York Mets will be forced to sell the pro baseball team due to huge losses suffered in the Bernard Madoff swindle, the author of a book about the disgraced money manager said on Friday.
The Wilpon family, led by Mets owner Fred Wilpon, lost about $700 million because of Madoff, according to Erin Arvedlund, author of "Too Good to Be True," published earlier this month.
Arvedlund said she does not know the terms of the Wilpons' bank loans but said the losses are steep enough that a sale of the baseball team is certain.
"It's qualified by when," she said. "It's possible they would have to sell by next year."
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