Sterling Equities

Sterling Equities
IndustryReal Estate, Sports, and Media
Founded1972
FoundersFred Wilpon and Saul Katz
Headquarters
Great Neck, New York
,
US
Key people
Fred Wilpon (Chairman) and Saul Katz (President)
Websitesterlingequities.com

Sterling Equities is a diversified, family-run group of companies based in Great Neck, New York whose portfolio consists primarily of holdings in real estate, sports, and media in the New York area.[1][2] These include the New York Mets, the Brooklyn Cyclones, SportsNet New York, the New York Excelsior, Sterling Project Development, and a number of real estate investment portfolios and real estate services businesses.[1] The firm became embroiled in the Bernie Madoff Scandal exposing a relationship between Sterling Equities partners and Bernie Madoff spanning 20 years.[3] The partners eventually settled a billion dollar suit with the Madoff Trustee, Irving Picard, for $161 million.[4]

  1. ^ a b "Sterling Equities – A fully-integrated real estate operating company".
  2. ^ "Contact – Sterling Equities".
  3. ^ Kovaleski, Serge F. (2011-02-21). "Mets' Owners Guarded an Investment Pipeline". The New York Times. ISSN 0362-4331. Retrieved 2020-03-28.
  4. ^ "NY Mets owners reach revised deal with Madoff trustee". CNBC. 2016-06-01. Retrieved 2020-03-28.