The league gave them a $75M line of credit last summer and another $25M this year. Who in their right mind would lend that kind of money to a franchise that was already $430M in debt? More importantly is how did the Mets become so insolvent?
One aspect - those deferred contracts are coming due, and they had the cash invested with Madoff that they planned on drawing on to pay out the remaining $. Oops...
