Discussion

Report: Mets deal has twist

Updated: June 16, 2011, 2:55 AM ET
ESPNNewYork.com

David Einhorn is paying $200 million for a minority stake in the New York Mets. He could gain majority control of the team for a heck of a lot less than that, according to Forbes.com.

If the Wilpon family does not pay back Einhorn's $200 million investment in three years, the hedge fund manager can obtain a 60 percent stake in the team for an additional $1, Forbes reported. So his total investment for control of the team that some have valued at more than $1 billion would be $200,000,001.

Einhorn ...

Read full story

Comments

You must be signed in to post a comment

Already have an account?

EDITORS' PICKS

ALSO SEE

MORE MLB HEADLINES