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Reports: MLB loaned Mets $25M

Updated: February 26, 2011, 12:39 PM ET
By Adam Rubin | ESPNNewYork.com

PORT ST. LUCIE, Fla. -- The embattled owners of the New York Mets received a loan from Major League Baseball in November in order to cover operating expenses, the team acknowledged Friday.

"We said in October that we expected to have a short-term liquidity issue," the team said in a statement. "To address this, we did receive a loan from Major League Baseball in November. Beyond that, we will not discuss the matter any further."

The New York Daily News and The New York Times pinned ...

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