Mets acknowledge receiving loan from MLB

(AP) - The New York Mets have acknowledgedthey received a loan from Major League Baseball to help coverexpenses in November. The team said in a

NEW YORK - (AP) - The New York Mets have acknowledgedthey received a loan from Major League Baseball to help coverexpenses in November. The team said in a statement Friday it expected to have "ashort-term liquidity" problem and were helped by the league. TheNew York Times and Daily News said the amount was $25 million. Mets owner Fred Wilpon and various family members are facing alawsuit seeking in excess of $300 million in relation to theBernard Madoff Ponzi scheme. The trustee Irving H. Picard claimed the Mets were net winnerswith their Madoff investments and ignored warnings that Madoff'shigh returns might be false. The Mets announced last month they were looking to sell anon-controlling interest in the team of 20 to 25 percent to raiseseveral hundred million dollars.

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