Tuesday, October 11, 2011
Bud Selig says "no timetable" for Mets to repay $25 Million Dollar Loan
Fox sports reports there is no timetable for the Mets to repay the $25 million they received last season from Major League Baseball, according to commissioner Bud Selig.
But Selig, speaking to reporters last night before the Brewers faced the Cardinals in Game 2 of the NLCS at Miller Park, indicated he's satisfied with the progress the Mets have made trying to rectify their financial problems.
The Mets recently ended negotiations with David Einhorn to buy a minority stake in the team, and principal owner Fred Wilpon will instead attempt to sell small blocks of the franchise to friends and family.
"I don't have any concerns," Selig said. "I've talked to Fred a lot about it, and they seem to be making good progress at what they're trying to do. He feels comfortable with it, and I really don't [have concerns] at this point. They've made no demands or anything. They seem to be moving along in the right path."
Nevertheless, Selig said there is no timetable in place for the Mets to repay their loan.
"We haven't discussed that -- I don't know that," Selig said. "But it will be paid back."