(even the Mets principal owner has to grudgingly admit, the above headline kinda wrote itself)
The New York Post’s Josh Kosman, Mark DeCambre and Dan Mangan report the New York Mets “are desperately seeking a new loan”, just months after accepting a $25 million loan from Major League Baseball.
A well-placed source said both the Mets and Major League Baseball are exerting strong pressure on JPMorgan to make that loan happen.
The bank already has a tight relationship with MLB because it finances MLB operations.
“They [JPMorgan] believe the Mets still have the capacity to borrow,” a source said.
But another source said, “Are you kidding me?” when told about the loan.
“You don’t lend into a distressed situation,” that source said.
The new JPMorgan-led loan would be made with the understanding that it would help the Queens team cover its operating costs — including paying players who recently began spring training — pending the planned sale.