Author Topic: looks like the mets have a new owner  (Read 137 times)

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Offline HalfSmokes

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

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

Offline PANatsFan

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Re: looks like the mets have a new owner
« Reply #1: May 28, 2011, 11:45:29 AM »
http://www.mlbtraderumors.com/2011/05/mets-agree-to-sell-minority-stake-in-team.html

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


That is one hell of a loan!

Offline hammondsnats

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Re: looks like the mets have a new owner
« Reply #2: May 28, 2011, 11:52:00 AM »
why can't we get one?!?!

Offline HalfSmokes

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Re: looks like the mets have a new owner
« Reply #3: May 28, 2011, 11:57:06 AM »
why can't we get one?!?!

the Lereners are smart with their money and not desperate?

The wilpons either sold a third of the team for the interest on 200 million over three years, or sold a controlling interest in the team which they were determined not to do

Offline hammondsnats

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Re: looks like the mets have a new owner
« Reply #4: May 28, 2011, 12:00:14 PM »
lol.  go nats.

Offline spidernat

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Re: looks like the mets have a new owner
« Reply #5: May 28, 2011, 12:04:26 PM »
The Lerners have that kind of money stashed under the mattress.