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Blog Entry

Einhorn has right to buy majority share of Mets

Posted on: June 1, 2011 11:27 pm
Edited on: June 1, 2011 11:36 pm
 
By Evan Brunell

The New York Mets's new minority owner in David Einhorn has the ability to purchase 60 percent of the team in five years, reports SI.com's Jon Heyman.

It's unclear how both sides will determine a price for Einhorn to upgrade, but current owner Fred Wilpon is able to block the deal. If Einhorn decides to upgrade his ownership stake, Wilpon can repay Einhorn his $200 million investment, which would block Einhorn's move as well as reduce his minority share to 16.5 percent. (A previous report had Einhorn retaining the 33 percent stake after repayment.)

Heyman's sources say that there's zero chance Wilpon allows Einhorn to make a move for majority ownership unless Wilpon is forced to pay the $1 billion -- or some other significant amount that would cripple his ability to run the Mets -- that Bernie Madoff trustee Irving Picard is demanding. It's unlikely that Picard will be able to justify or collect that ripe sum, but could still make life very difficult for Wilpon.

Einhorn also has the ability to buy the rest of the team should Wilpon be forced to sell at any time.

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Comments

Since: Dec 2, 2011
Posted on: December 6, 2011 1:18 am
 

Einhorn has right to buy majority share of Mets

I really like this site accessible and it has extended my home the strength of mind for you to prosper for those brief description, indeed continue the actual truly amazing give good results.



Since: May 13, 2011
Posted on: June 2, 2011 4:51 pm
 

Einhorn has right to buy majority share of Mets

sorry einie but mutt and jeff will do everything in their power to keep this team so they can torture ny fans for a long long time the only way you can stop them is to boycott their games until they sell all of them except dickey the knuckelballer is fun to watch



Since: Nov 21, 2010
Posted on: June 2, 2011 2:08 pm
 

Einhorn has right to buy majority share of Mets

OK, Eddie Einhorn who once owned the Chicago Bulls (maybe still does) was from NYC, is this guy a relation?



Since: Mar 19, 2008
Posted on: June 2, 2011 11:33 am
 

Einhorn has right to buy majority share of Mets

we found captain winkie!



Since: Nov 22, 2007
Posted on: June 2, 2011 8:12 am
 

Einhorn has right to buy majority share of Mets

Einhorn is Finkle!!

Finkle is Einhorn!!


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