MarketWatch: Wilpon will be Forced to Sell Mets

Erin Arvedlund is writing a new book, Too Good to Be True, which details the evil deeds of the disgraced New York hedge-fund manager Bernie Madoff.

According to Arvedlund, Fred Wilpon will be forced to sell the Mets as soon as 2010, due to roughly $700 million in Madoff-related investment losses, explains Jon Friedman in a must-read report for MarketWatch

“It’s a matter of when.  It could be as soon as next year,” Arvedlund writes, according Friedman’s report.

However, Friedman quotes a team spokesperson as saying, “The numbers speculated continue to be inaccurate… The team is not for sale in any respect.”

Arvedlund has been investigating Maddoff since 2001, when she wrote a story for the New York Times about Maddoff’s ‘hedge fund.’