The Mets have the minority owner they hope will be able to bail them out of their major financial mess in the fallout of the Bernie Madoff Ponzi scheme. David Einhorn, president of Greenlight Capital Inc., will purchase 49 percent of the team for roughly $200 million. The sale does not include any ownership segment of SNY. The $200 million will go toward paying down the Mets’ considerable debt,...
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The Mets have just announced that hedge fund manager David Einhorn, has invested $200 million in the team. “We are very excited about David joining our ownership group for several reasons,” said Fred Wilpon in a team press release. “David’s investment immediately improves the franchise’s financial position. Equally important, David’s intelligence, integrity and success in both business and...
Read MoreHere’s a shot of David Eihorn, the new minority owner, all decked out in his Mets gear. Yes, that’s uniform No. 26 – young David was a big Dave Kingman fan growing up! Photo courtesy of DealBreaker.
Read MoreThe New York Mets have agreed to sell less than 49 percent of the club for approximately $200 million to David Einhorn, president of Greenlight Capital Inc. according to ESPN’s Karl Ravech. The sale will not include a stake in SNY, the television network owned by the Mets, the sources said. Bloomberg and Sports Illustrated have also confirmed this report. Added to by Joe D.: We don’t...
Read MoreThe Mets and Cubs play a classic day game in Chicago. Last night, the Mets bounced back from a terrible opening game with a 7-4 win in a rain shortened game. Yesterday, the Mets found themselves in a quick 4-1 hole, but they came roaring back in the top of the second, scoring 5 runs, putting the game out of reach for the Cubs. Today Dickey will go up against the always fiery Zambrano. This...
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