The Bernard Madoff Ponzi scheme isn’t just impacting American sports: it’s having a chilling effect on teams worldwide. We previously reported that Mets owners Fred Wilpon and Saul Katz lost up to $300 million of their personal fortunes they had invested with Madoff. Now the MANCHESTER GUARDIAN reports that the $50 billion fraud case may have also cost Newcastle United owner Mike Ashley a chance to sell his team.
The potential owners were “two wealthy Americans” who were interested in meeting Ashley’s $300 million price tag for the team, one of the largest in the English Premier League. But the buyers backed out after they lost roughly that amount in investments made with Madoff. Wait a second, this sounds awfully familiar. Didn’t I just write that Mets owners Wilpon and Katz lost $300 million to Madoff?
To add to the coincidences: Wilpon has shown an interest in soccer before. During the early 1980s, New York United, a soccer team in the now-defunct American Soccer League, played their games at Shea Stadium. And more tellingly, the NEW YORK TIMES has reported on his potential interest in bringing a second MLS team to New York to play on the old Shea Stadium site.
So was it Wilpon and Katz who were the “two wealthy Americans” in question? The New York Mets media department offered a “no comment” when asked by SPORTS BY BROOKS to confirm or deny ownership’s previous interest in Newcastle United, so we’ll have to wait and see if more information develops, but it does seem like a very odd series of coincidences.
If Wilpon and Katz were the two mystery suitors, they would join a virtual Who’s Who of Americans purchasing or investing in EPL teams. The same story in THE GUARDIAN also mentions that Rams/Nuggets/Avalanche owner Stan Kroenke is investing heavily in EPL power Arsenal. Other teams with American owners or significant investors include Manchester United (Malcolm Glazer), Liverpool (Tom Hicks and George Gillett Jr.) and Derby County (Andrew Appleby).
And what about Newcastle United? Ashley took the team off the selling block late December after a search for owners that took him to the Middle East and apparently the US. So now he’s “stuck” with a team that he’s invested roughly $340 million in since purchasing them in May 2007, and fans who would really like to see him gone. Plus, he can’t even drink at the games!







5:08 pm on January 13th, 2009
But this won't affect Newcastle beer, right?
5:09 pm on January 13th, 2009
At least now Newcastle won't have to worry about any late-season collapses.
5:28 pm on January 13th, 2009
These American EPL owners are just getting back at European corporations for buying up American beer companies (i.e. Miller & Budweiser).
1:42 am on January 14th, 2009
You forgot Aston Villa who are owned by Randy Lerner, who some of you may or may not know owns the Cleveland Browns.
10:01 am on January 14th, 2009
I guess Wilpon wasn't satisfied with the amount that the Mets were kicking the balls around the field that he needed a soccer team as well…
-Andrew
http://noyoureatowelblog.blogspot.com/
11:25 am on January 14th, 2009
As if that wasn't bad enough news for the Mets, it's recently been discovered that Wright & Reyes have a bit of a bromance going on- http://morehardball.blogspot.com/2009/01/secret-revealed-wright-reyes.html