Mets Agree To Sell Minority Stake In Team
By Ben Nicholson-Smith [May 28, 2011 at 8:54am CST]
SATURDAY: Adam Rubin of ESPN New York has learned the terms of the purchase, which sound extremely favorable for Einhorn. The $200MM buys him 30-35% of the team, and he has an option to increase his stake to 60% in three years. If the Wilpons do not want to give him a majority (and controlling) share at that time, they can refund the $200MM while Einhorn still gets to keep his 30-35% stake.
http://www.mlbtraderumors.com/2011/05/mets-agree-to-sell-minority-stake-in-team.htmlunless the Wilpons find 200 million under the mattress in the next three years, the reign of incompetence may be over
