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Mets in talks to sell minority share

Updated: May 27, 2011, 9:01 AM ET
ESPN.com news services

NEW YORK -- The cash-strapped owners of the New York Mets have agreed to sell a minority share of the team to hedge fund manager David Einhorn for $200 million.

The move, announced Thursday, would allow owners Fred and Jeff Wilpon and Saul Katz to retain control of the team. The influx of money would help pay debts and cover operating expenses.

A definitive agreement is expected by late June, according to the team.

The sale will be for less than 49 percent of the team ...

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