Mets in talks to sell minority share

Discussion in 'National League East' started by truebluefan, May 27, 2011.

  1. truebluefan

    truebluefan Administrator Staff Member Administrator

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    The cash-strapped owners of the New York Mets have agreed to sell a minority share of the team to hedge fund manager David Einhorn for $200 million.

    The move, announced Thursday, would allow owners Fred and Jeff Wilpon and Saul Katz to retain control of the team. The influx of money would help pay debts and cover operating expenses.

    A definitive agreement is expected by late June, according to the team.

    Read more: http://sports.espn.go.com/new-york/mlb/news/story?id=6592210
     

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