I guess he hasn’t technically defaulted before, so sure, why not give a guy who has spent two years spinning financial plates close to a billion bucks:
The owners of the New York Mets obtained at least $700 million in loans to refinance debt, according to a person with knowledge of the matter. The financing will be used to replace existing credit lines and provide additional funds to the parents of the Major League Baseball team, said the person, who asked not to be identified because the information wasn’t public.
In other news, Standard & Poor’s cut the ratings of the debt used to finance Citi Field. They’re now BB, which is two levels below investment grade. Howard Megdal’s story on this from yesterday digs into the reasons for that. Which for Mets fans, has to be rather depressing.
Tied at a league-leading 10 home runs apiece with Cody Bellinger and Khris Davis, it wasn’t long before Brewers slugger Christian Yelich set himself apart from the competition yet again. During the bottom of the first inning on Friday, the 2018 NL MVP singled out the first pitch he saw from the Dodgers’ Ross Stripling — an 86.5-m.p.h. slider just wide of the strike zone — and returned it to the second deck seats in right field for his 11th home run of 2019.
While Bellinger and Davis will undoubtedly continue to make it difficult for Yelich to claim sole honors at the top of the leaderboard, the 27-year-old outfielder has had a banner year so far. Through the first three weeks of the season, he’s batting a strong .354/.447/.823 with 15 extra-base hits, 29 RBI, and three stolen bases across 94 plate appearances. The 29 RBI (27 entering Friday’s game) he collected between March and April eclipsed Prince Fielder’s previous franchise record of 26 RBI — and there’s no telling how much higher that total will rise by the end of the month, too.
Even with the benefit of Yelich’s immense talents, however, the Brewers are just clinging to a first-place tie with the Pirates atop the NL Central. They dropped their last two games to the Cardinals and Dodgers, respectively, and will need to overturn the remainder of their series against LA to build up their division lead again. They’re currently tied 2-2 with the Dodgers in the seventh.