According to the Dallas Business Journal the Mets “completed a refinance” earlier this month and “required the owners to put up more personal collateral than they wanted.”
There’s some financial stuff mentioned that I am not smart enough to understand.
Before we all go running into the hills screaming about Madoff and the free agent market and making up crazy theories I will point out that I personally have refinanced my mortgage twice to avail myself of more favorable rates.
As I said earlier, it’s Amazin’ the amount of content out there about this team. Â All I did was check my email. Â Thanks to Dan for sending this one in from exile.
Let the crazy speculation begin. I’d wager that this is a fairly common thing but who knows.