Report: Mets Will Receive No More Loans From Major League Baseball

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NEW YORK — The New York Times is reporting that Major League Baseball will not make another substantial loan to the cash-strapped New York Mets.

Citing two unidentified people briefed on the club's finances, The Times reported on its website Tuesday night that the Mets can't count on receiving any more money from the commissioner's office to help cover expenses.

When contacted by The Associated Press, a Mets official declined to comment.

Hounded by a multimillion dollar lawsuit filed by the trustee trying to recover money for victims of the Bernard Madoff Ponzi scheme, the Mets acknowledged Friday that they received a loan from MLB in November to help meet their financial obligations.

The New York Times and Daily News reported that the loan amount was $25 million.

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