Mets : New Season, New Loan

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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)

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Posted: December 19th, 2011
at 5:54pm by mnp


Categories: business

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