Two of Major League Baseball’s most significant franchises–the New York Mets and Los Angeles Dodgers–are contending with messy legal matters in the owners’ suite. The Mets have turned to an adviser with ties to one Am Law 200 firm. The Dodgers, meawhile, have parted ways with another.
First, on the Mets front. Struggling to overcome financial pressures following a civil suit filed against him by the trustee overseeing the Bernard L. Madoff Investment Securities (BLMIS) bankruptcy, real estate billionaire and New York Mets owner Fred Wilpon announced on Friday that he would seek to sell a minority stake in the franchise.
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