The Mets borrowed 40 million dollars from Bank of America to add to the 25 mil they borrowed last year from MLB. You can read about the loan here. Seriously the Mets are just a toxic asset at this point. They have all the signs of a bad investment, they have a ton of debt, low cash flow, a shitty product, overly expensive infrastructure and very little likelihood they will turn the ship around anytime soon.
So what do you think this 40 million is for? What are the chances that the day they get this loan is the same day as the deadline to post for Yu Darvish (today at 5) because they plan to make a 40 mil bid? The answer is 0% but man would that be great.