Mets to Sell Minority Stake in Team for $200 Million
By Tim Ryan
For Mets fans, the hope is that this move is the first step in Wilpon selling the team altogether.
The forthcoming Einhorn wasted no time in humanizing himself to the fanbase with this relatable quote:
"“In 1975, I even dressed in a homemade jersey as a Met for Halloween. I have been a baseball fan for my entire life and have enjoyed teaching the game as the coach of my daughter’s little league team.”"
In addition to running a hedge fund, Einhorn appears to have giant balls, as he recently called for the ousting of Miscrosoft CEO Steve Ballmer and his “Charlie Brown” management style. He also authored the book “Fooling Some Of The People All Of The Time” which covered the 2008 credit crisis and how, during an investment conference back in 2002, Einhorn called out the questionable accounting practices of Allied Capital and advised to short sell Lehman Brothers.
Sounds like a smart guy capable of actually making sound business decisions, something the Mets have been chemically resistant to for several years now. One question worth asking the new blood is if he knew in advance that the Jason Bay contract would prove to be more offensive than a topless Stan Van Gundy.
The Mets are expected to lose roughly $70 million this season, a healthy increase from the $51 million pounding they took last year.
Mets agree to sell minority stake in team [NY Post]