The New York Mets are seeking to extend their existing credit facilities for one year, giving the team’s owners a cushion while they seek a buyer amid a pandemic, two people familiar with the matte…
The COVID-19 pandemic has interrupted the usual sale process, which would include face-to-face negotiations and, eventually, management meetings. Moreover, due to labor strife there’s no guarantee baseball will even be played this season.Alex Rodriguez, Jennifer Lopez Tap Quogue Capital's Wayne Rothbaum for Mets Backing
Chuck Baker, co-chair of the sports industry group at the O’Melveny law firm, said pushing out the loan is a prudent move by the Mets, who in December said they were in talks to sell up to 80% of the Major League Baseball team to hedge fund billionaire Steve Cohen.
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