Latest news: MLB: Mets engaged in a shortage of funds received from the $ 25MM Major League Baseball November.MLB typically extends its 30 clubs a credit of $ 75 mm, which the Mets have been exhausted, in addition to $ 400MM of debt they have on the team. To download more financial damage to machines for the Mets as they face a $ 1 billion lawsuit Irving Picard, the trustee of the victims Bernard Madoff Ponzi scheme.We said in October that we rely on short-term liquidity issue. To solve this problem, we did obtain a loan from Major League Baseball in November. In addition, we will not discuss any further.The loan is expected to pay off "relatively soon", according to Brian Costa of the Wall Street Journal
Met borrowed loan from MILB
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