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Mets select Einhorn as minority partner

Posted on: May 26, 2011 10:50 am
Edited on: May 26, 2011 10:58 am
 
The Mets have found someone willing to be Fred Wilpon's minority partner.

The team announced Wednesday morning that Wilpon has entered into exclusive negotiations with David Einhorn, the hedge-fund manager who runs Greenlight Capital, Inc., and made a fortune betting against Allied Capital and Lehman Brothers.

The Mets said that Einhorn, a Mets fan, would invest $200 million for a minority share. While some reports say he would take a 49 percent share, Jon Heyman of SI.com reported that it would actually be less than that. Heyman also reported that Einhorn is negotiating for the right to buy a majority stake if the cash-strapped Wilpons are eventually forced to sell the team.

The Mets have been in financial distress, mainly because the Wilpon family invested heavily in the Bernard Madoff ponzi scheme.
Category: MLB
Comments

Since: Dec 2, 2011
Posted on: February 19, 2012 10:45 pm
 

Mets select Einhorn as minority partner

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Since: Dec 2, 2011
Posted on: January 14, 2012 10:07 am
 

Mets select Einhorn as minority partner

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Since: Dec 2, 2011
Posted on: December 30, 2011 3:03 pm
 

Mets select Einhorn as minority partner

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Since: Nov 19, 2011
Posted on: December 23, 2011 12:02 pm
 

Mets select Einhorn as minority partner

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Since: Nov 19, 2011
Posted on: December 3, 2011 11:17 am
 

Mets select Einhorn as minority partner




Since: Dec 2, 2011
Posted on: December 3, 2011 7:06 am
 

Mets select Einhorn as minority partner



Tomly
Since: Oct 21, 2011
Posted on: October 22, 2011 12:07 am
This comment has been removed.

Post Deleted by Administrator




Since: Aug 17, 2006
Posted on: May 27, 2011 10:49 am
 

Mets select Einhorn as minority partner

The most important part of this agreement is this guy is buying the right to become the owner if/when Fred Wilpon is forced to sell. There is no way any businessman would invest in the Mets otherwise. Wilpon is holding on for dear life, but I believe he will be forced to sell. As a Met fan, I say sooner rather than later is the preference.



Since: Jun 2, 2010
Posted on: May 27, 2011 10:10 am
 

Mets select Einhorn as minority partner

Wtf dude? Is this from your freshman econ class?  Why would you waste this much time with a nonsensical diatribe about a team that you dont care about?  On another note, the Yankees suck.




Since: Nov 3, 2010
Posted on: May 27, 2011 8:38 am
 

Mets select Einhorn as minority partner

I'm not so sure 'congratulations' are in order for anyone who buys a stake in a professional sports franchise.  However, with the Mets, there is no place to go but up.  I'm guessing if their share price was $20 in 2005 then it's $1.20 today.  Obviously, Mr. Einhorn is a savvy and smart businessman and certainly knows the risk/reward factor.  Anyone being described with an 'aire' didn't get there by luck.  I hope he's able to bring the Mets back to a form of respectability so that they're not the butt of cocktail jokes. 


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