The financially strapped owners of the Mets obtained a $40 million "bridge loan" from Bank of America in recent weeks to continue operations until minority shares of the team can be sold. The team acknowledged the loan on Monday. "The bridge loan was approved by Major League Baseball and the syndicate of lenders to the Mets," the team's statement read. "The process for the sale of minority shares in the team continues to go very well." Major League Baseball previously loaned the team $25 million this year, which has yet to be repaid.