I know nothing about finance. This may be “normal” or this may be “panic.”
From the Upper Deck (I mean Promenade – which is a dopey name by the way) it appears as if I will learn what it is like to be a fan of a small market club with no resources to add players.
Let’s hope that Omar left us a good farm system. I’m sure he did.
JPMorgan Chase — which led the banks that loaned the team about $430 million last year — is trying to recruit other institutions to join a syndicate to put together a new loan that would tide the Mets over until they sell a minority stake in the ballclub.
via Mets seek more loans, tens of millions of dollars, from banks:sources – NYPOST.com.