Tuesday, December 13, 2011

Mets, Struggling for Cash, Receive $40 Million Bank Loan - NYTimes.com

Mets, Struggling for Cash, Receive $40 Million Bank Loan - NYTimes.com:

"The loan marks the second time in a year that the Mets have received an infusion of cash. A year ago, the team’s owners, Fred Wilpon and Saul Katz, received a $25 million loan from Major League Baseball, but they have not been able to repay it. Meanwhile, Sandy Alderson, the club’s general manager, said last week that the organization had lost $70 million in 2011 alone."
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