Mets (still) have not paid back MLB loan

In his state of the league address prior to Game 7 of the World Series, Major League Baseball commissioner Bud Selig revealed that the Mets have not paid back the $25 million loan they received from MLB in the wake of their Bernard Madoff litigation late last year. That remains unchanged from when Selig addressed the situation earlier this month.

Regardless, Selig said that “an alternative financing plan” is in place and that the Mets are “not one of” his worries. A Mets official said last month that the team has enough capital to cover all of its financial obligations for the 2011 fiscal year.

—–Follow along on Twitter @AnthonyDiComo.

2 Comments

I cannot understand the reason because the payment is still not paid. Is a weird situation and I guess the long term financial plans are affected by this decision.

James from Freevirusprotections.net

Well, now that the MET ORGINIZATION has literally shredded their roster and has made quite a bit of money doing so. Now Wilpon can pay off his dirty money debt. I hope next he plays with his own money, not Met money. Thanks from a fan since 1964.

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