Ladies and gentlemen, your New York Mets.
Major League Baseball said this week that they would likely stop making any more significant loans to the Mets. [New York Times]
The league, having already extended the Mets a $25 million loan in November to help the team meet operating costs, will not make another major loan to the club, according to the two people. The people asked not to be identified because they were not authorized to speak publicly on the matter.
Baseball’s decision to restrict the Mets’ access to further emergency funds could leave the team’s beleaguered owners, Fred Wilpon and Saul Katz, without their best remaining source of cash as they struggle to maintain control of the team in the face of a $1 billion lawsuit brought by the trustee for victims of the Bernard L. Madoff fraud.
Of course, the article goes on to say that they may offer some short term assistance to help them pay some of their expenses… like player salaries and stuff. Minor things like that.
Let that sink in for a second. Let it stew. After having exhausted MLB's credit line and apparently using up most of the loan given to them in the fall, the Mets sound like they are in need of more money to keep the team afloat. Ah yes, the secretive mother who kept slipping her son Lincolns because he just had to have the latest Madden upgrade, even though it was nothing more than a glorified roster update with a new cover.
The last time baseball helped keep a team afloat was November of 2009, when they loaned money to the Texas Rangers, who almost went on to win the World Series and steal Cliff Lee away from his rightful home. That allowance money does make a difference. Cut them off.
The Amazin' Mets, folks.