Showing posts with label Get Cash. Show all posts
Showing posts with label Get Cash. Show all posts

Tuesday, December 13, 2011

Mets to get a cash in January from minority owner shares?


Sandy Alderson said Wednesday that he expected the Mets to get a cash infusion in January when sales to minority investors are expected to close.

Sources familiar with the process recently told ESPNNewYork.com that Fred Wilpon and family had commitments from seven investors to purchase $20 million blocks of the team.

The Mets recently took out a $40 million "bridge loan" from Bank of America in order to have cash on hand until the sales are complete to pay items such as a $25 million bond interest payment owed on the stadium this week.

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