Mets, Einhorn Near Deal; Nothing in Stone Yet
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David Einhorn still has a chance.
According to the New York Post, hedge fund behemoth David Einhorn still has a chance to not invest in the Mets. Although Einhorn is willing to pay $200 million for a 33 percent stake in the team, nothing final has been made on the deal.
One point that current owners Fred Wilpon and Saul Katz might still be mulling over is the payback period, and whether or not it will be three, four, or five years.
Should Einhorn be paid back the $200 million, he'll retain a 16 percent stake in the club. Should it not be paid back, Einhorn will have the right to exercise an option giving him 60 percent control of the team.
The Post notes that a deal has to close this month, less the Mets run out of cash.
According to the New York Post, hedge fund behemoth David Einhorn still has a chance to not invest in the Mets. Although Einhorn is willing to pay $200 million for a 33 percent stake in the team, nothing final has been made on the deal.
One point that current owners Fred Wilpon and Saul Katz might still be mulling over is the payback period, and whether or not it will be three, four, or five years.
Should Einhorn be paid back the $200 million, he'll retain a 16 percent stake in the club. Should it not be paid back, Einhorn will have the right to exercise an option giving him 60 percent control of the team.
The Post notes that a deal has to close this month, less the Mets run out of cash.
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