As reported earlier by Ken Nelson and Richard Sandomir, Mario Cuomo who is trying to broker a settlement between the owners of the Mets and the trustees representing the victims of Bernard Madoff’s Ponzi scheme, said Thursday that he was working with both sides on a daily basis.
Cuomo spoke to reporters at the United States Court of Appeals for the Second Circuit in Manhattan where he greeted lawyers for the trustee and the owners of the Mets. Reached later by phone, Cuomo said the process involved making suggestions as to how they can make better progress with a settlement than they can in litigation and hoping they reduce the amount of internecine warfare with motions back and forth.
After the 90-minute hearing Cuomo said the proceedings confirmed why he was asked to mediate a solution. “This is a very complicated case – it’s going to be very big, and it’s going to be very difficult.”
No wonder the world of baseball and finance are watching carefully. The Wilpons – with their strange ways of doing business – have made things difficult to sort out. Personally I believe that they have more than met their match with the Honorable Mario Cuomo as the mediator. However, the real losers here are the baseball players and the fans.
By the way, the NFL is also having lots of fun this week as well, across town – where their players and customers are almost mutinous.
Maybe we should all give up feeding their coffers and stay home with the kids and watch our sports on TV —–