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Chase denies report of new Mets loan

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Mets logo Photo Credit: Getty Images

The Mets may be drowning in a sea of debt, but if they're seeking to borrow more money, it's not from JPMorgan Chase, the bank said Tuesday.

The New York Post claimed Tuesday that the bank was trying to recruit other lenders to provide a new loan to the baseball team, whose finances have been undermined by its owners involvement with convicted swindler Bernard Madoff. The bankruptcy trustee for Madoff is seeking as much as $1 billion from the Mets' owners.

"The story is inaccurate," said JPMorgan Chase spokeswoman Jennifer Zuccarelli. "We are not in discussions to syndicate any new loans to the team."
 

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