Mets : New Season, New Loan
NEW YORK — The Mets took out a $40 million loan with Major League Baseball’s blessing sometime in the past six weeks, the team confirmed Monday after a report in The New York Times detailed the situation. The Mets still have not paid back the $25 million loan MLB granted them late last year.
A Mets spokesman called the money a "bridge loan," meaning it should help cover operating expenses while the team continues to seek minority investors. (Source)