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Wilpons sell to--surprise!--hedge fund manager!

Discussion in 'Sports and News' started by goalmouth, May 26, 2011.

  1. goalmouth

    goalmouth Active Member

  2. LongTimeListener

    LongTimeListener Well-Known Member

    It's extremely fitting that the Mets will be owned by someone who made a fortune picking guaranteed losers.
  3. bigpern23

    bigpern23 Well-Known Member

  4. Dick Whitman

    Dick Whitman Well-Known Member

    Dueling Wilpon stories this week in The New Yorker and SI, by heavyweights Jeffrey Toobin and Tom Verducci. Can't wait to carve out some time to compare and contrast.
  5. Stitch

    Stitch Active Member

    I listened to Einhorn's conference call on WFAN. Horrible stuff and mostly butt-kissing on the part of the press.
  6. LongTimeListener

    LongTimeListener Well-Known Member


    This is crazy -- Einhorn put in his $200M for a third of the team. If the Mets pay him back in two years, he still keeps his share. (Forbes seems to say 33 percent, but ESPN.com says it's 16 percent.) And if they don't pay him back? For one more dollar, he can push his stake in the team to 60 percent.

    In other words, the New York Mets are now a credit default swap.
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