Breaking: after months of negotiations, David Einhorn, the 42-year-old hedge fund manager who had been announced as the next minority share owner of the financially beleaguered Mets, is out of the running to buy a stake in the team. Just yesterday, Einhorn had been pressing MLB to pre-approve him as an owner of the franchise, in case Mets owners Fred Wilpon and Saul Katz were forced to relinquish ownership. Did the deal fall through because the Mets discovered that Einhorn is actually Finkle?
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Results tagged “davideinhorn”
Mets Lose Again: Rich Savior Pulls Out Of Deal To Save Team
Mets Gamble On Professional Gambler For Minority Stake
Yesterday, the Mets announced that the team was exclusively negotiating with 42-year-old hedge fund manager David Einhorn to buy a minority share of the financially beleaguered club. With it looking incredibly likely that Einhorn will spend $200 million to buy less than 49 percent of the team, Mets players gave their decidedly blah reactions to the probable new owner: “I don’t pay too much attention. I just try to stay focused on my job...The thing that I hope for is that things get better for the organization. I don’t know what’s going to happen,” shortstop Jose Reyes told WSJ.
Almost Solvent: Mets Negotiating Minority Share Deal With Hedge Fund Manager
After months of financial woe caused by the $1 billion Madoff "false profits" lawsuit, the Mets have confirmed that they are in exclusive negotiations to sell a minority share of the team to hedge fund manager David Einhorn. They've decided to sell less than 49 percent of the team for $200 million; a definitive agreement is expected by late June. “We are very excited about David joining our ownership group for several reasons. David’s investment immediately improves the franchise’s financial position," said COO Fred Wilpon in a statement.
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