Wilpons May Sell Up to 25% of Mets Due to Madoff Suit

Fred and Jeff Wilpon said they may sell up to 25 percent of the New York Mets because of a lawsuit in the Bernard L. Madoff case, after insisting for months the baseball club was safe from the biggest Ponzi scheme in U.S. history.

The father and son owners said yesterday they have hired Steve Greenberg, a managing director at Allen & Co., as their adviser to address “the air of uncertainty” created by the lawsuit. On a conference call, the Wilpons said they would remain principal owners.