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Mets Seek New Loan

The Mets are 'desperately' seeking a new loan for tens of millions of dollars to cover their operating expenses, according to Josh Kosman, Mark DeCambre and Dan Mangan of the New York Post. The Wilpon family, which owns the team, faces a $1 billion lawsuit and says they are open to selling 20-25% of the Mets.

JPMorgan Chase is working with other companies to put together a loan that would provide the Wilpons with cash until they sell part of the team, according to the Post. The team received $25MM from MLB in November but has exhausted its credit with the league, according to the New York Times. 


Full Story |  Comments (0) | Categories: New York Mets






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