I am not trying to pretend I understand what the hell went on between the Wilpons and the Maddoffs, or between Bernie and anyone for that matter. Just that since the announcement that the Wilpons are selling a portion of the team there has been a lot of confusion as to how the Wilpons lost money and more precisely how much.
There are tons of different reports out there even before all this “limited partner” stuff came about today. I will simply work with the most popular figures as an attempt to demonstrate the most likely scenario. Again I have no idea how accurate any of this is, and in fact I assume it’s all wrong. This is just how I understand it as happening. Feel free to correct me via the comments.