Fred says family's financial woes over
February, 13, 2013
By Adam Rubin | ESPNNewYork.com
Fred Wilpon addressed the media on Wednesday in Port St. Lucie.
Wilpon, 76, favorably settled a lawsuit brought by the trustee trying to recover funds for victims of Bernard Madoff’s Ponzi scheme.
He added that the family’s improved financial complexion also is the result of the rebound of real estate, his primary business, as well as stock-market gains and SportsNet New York, in which the family owns a majority stake, thriving.
“It’s all in the rear-view mirror,” Wilpon said about past financial woes Wednesday, after arriving at the team’s spring-training complex. “… The family is in great shape. The family really is in great shape. Sometimes luck is the residue of design.”
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