Author Topic: looks like the mets have a new owner  (Read 423 times)

0 Members and 1 Guest are viewing this topic.

Offline HalfSmokes

  • Posts: 19207
looks like the mets have a new owner
« Topic Start: May 28, 2011, 11:33:22 AM »
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.

unless the Wilpons find 200 million under the mattress in the next three years, the reign of incompetence may be over