David Einhorn

  • 01 Sep 2011 at 11:07 AM

Like Bankruptcy?

In a statement, the Mets said, “After months of negotiations, the parties were unable to reach agreement, and the Mets ownership has decided to explore other options.” [NYT, earlier]

The Mets deal is off. Read more »

  • 01 Aug 2011 at 11:27 AM

Dear Greenlight Capital Investors

“For the month of July, Greenlight Capital Offshore returned 1.1% (net of all fees and expenses).”

The Mets’ deal to sell a minority stake in the team for $200 million to David Einhorn, a hedge fund manager, is finished except for completing the deal’s paperwork, said one person briefed on the sale. [NYT, earlier]

At the end of May, it was announced that David Einhorn would pay $200 million for a 33 percent stake in the Mets. The deal appeared to be a win/win for both parties, Einhorn being a lifelong Mets (/Brewers) fan and the ball club’s finances getting to the point where they were considering passing around a collection plate during games. Seven weeks later a contract is yet to be signed, the sticking point seeming to be what percentage the Greenlight Capital founder will be able to increase his stake to, when, and for how much. While the negotiations remain open, people familiar with the matter stress that “Einhorn considers the deal on track” and for their part, The Mets said in a statement “We are in exclusive negotiations with David Einhorn and continue to have positive and productive discussions regarding David’s ongoing interest in an investment in the Mets.” Which is why it was interesting to hear that the management has been running around town with not one but three more potential suitors and then leaking it to the press in some sad sack attempt to get Einhorn to put a ring on it A-sap. Read more »

Just over a month ago, it was announced that David Einhorn would be acquiring a minority stake in the New York Mets. While thinking people (and people familiar with the matter) understand that these things take time, others have read into the “hold up,” wondering if deeper meaning is to be derived. While there’s no need to give credence to those raising questions, Major League Baseball Commissioner Bud Selig chose to do so today, telling people, “Fuck you. He played ball in my backyard. Fuck you.” Read more »

Someone must be wearing his lucky sweatshirt. Read more »

  • 08 Jul 2011 at 10:17 AM

David Einhorn Has A Question

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