Major League Baseball tossed the financially flagging Mets a $25 million lifeline late last year in a bid to shore up the cash-strapped team as it faces claims from Bernard Madoff victims, sources told The Post. "We did receive a loan from Major League Baseball in November," the team admitted in a statement yesterday. "Beyond that, we will not discuss the matter any further."Thank you MLB! $25 Million should cover another whole season and a half of Carlos Beltran looking at Strike Three.
Sources inside MLB said the value of the loan was $25 million. The situation has gotten so bad that the Mets are now willing to sell up to a 49 percent stake in the franchise -- double what the owners had previously indicated.
Sources said the Mets had desperately reached out to MLB after its beleaguered owner Fred Wilpon was told by the trustee charged with clawing back ill-gotten Madoff gains that the team could be on the hook for as much as $1 billion. Trustee Irving Picard later filed suit against the Mets, saying its owners should have known that Madoff's inflated returns were too good to be true.
Donald Trump was attempting to throw his "hair" in the ring to bail out the Mets, but may I suggest an even more reliable businessman than Trump or Madoff?