Is Einhorn Going To Lose The Mets?
12:06 pm, July 7th | by Hillary Reinsberg
In May, Einhorn, who runs Greenlight Capital, said he was dishing out $200 million to buy a 33-percent stake in the New York Mets. He then entered into final talks with the current Mets owners, Fred Wilpon and Saul Katz, to finalize the details. That was supposed to be done with by June 30, but things haven’t yet come to a close, according to the New York Post. What’s the hold up?
Because of all the feet-dragging, the “legal exclusivity period” is now technically over, meaning Wilpon and Katz could legally sell to another buyer. But fear not! They say they’re not going to. A spokesman told The Post, ”The Mets ownership and David Einhorn are engaged in exclusive, positive discussions regarding an investment in the team.” He dodged questions about the legal exclusivity period having ended.
While all signs still point to Einhorn, is it possible that another mystery buyer might glide in? Maybe. And hey, Einhorn’s original competing bidder, Steve Cohen, was just seen having dinner with rival Yankee player A-Rod last week, so maybe he’s up to some shenanigans. Playing the jealousy game, perhaps? Or maybe Einhorn’s just trying to gamble until the last possible minute. He is, after all, a world class Poker player.