Greenlight Capital’s David Einhorn, Still Waiting for Answer on Mets Deal
|July 12th, 2011||
|An offer by activist hedge fund manager David Einhorn to acquire a $200 million dollar stake in the New York Mets is still on the table, but an agreement with Mets’ owners is still uncertain. According to the New York Times, Einborn, who is the President of Greenlight Capital, an $8 billion dollar hedge fund, has offered to invest $200 million now for a one-third ownership stake with an option to acquire up to 60% of the team in three years. |
The team is in dire need of cash to pay back a past due loan from Major League Baseball, and multiple years of red ink. The Greenlight Capital co-founder and Mets’ ownership are still in negotiations over a final deal.
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