batmagadanleadoff wrote: Ceetar wrote: You've been waiting your whole life for this moment. What I meant was, that money that they borrowed, was money they used for losses this year. for payroll, for salaries, for equipment. They bought things with it. Yes, it balances to 0, but you can't ignore the 65million INCOME from taking out he loan in the first place. But money received from loans isn't income either. The loan has to be repaid. Also, see my edit (OE). I did. The loan was taking out this winter. My point is the Mets got 40 million from Bank of America and 40 million from 2 investors. In a normal functional business, Money from the investors goes to the team. But the Mets didn't have that money yet, so they took money from the bank to give to the team, and sent the money from the investors to the bank. This isn't a Madoff fund that they simply lost money into a hole, nor is it repayment on a building. They got to use 40 million dollars on the team. When Megdal does his math there, he says "40 million out the door immediately" and then says the Mets have "no breathing room" to cover losses after other debt repayments. This math ignores the 40million they got from the bank. Where did it go? Towards expenses presumably, so it has to be factored in.