Mets' prospective minority owner says deal is fair
Monday, May 30, 2011
NEW YORK (AP) -- Hedge fund manager David Einhorn, who has agreed to buy a minority stake in the New York Mets, says the deal is a "win-win agreement" for both sides.
Einhorn was at Citi Field on Monday to attend his second game in three days. Wearing shorts and a blue Mets cap, he answered questions on the field from reporters for about 312 minutes during batting practice.
The club's cash-strapped owners announced Thursday that they had agreed to sell a minority share of the team to Einhorn for $200 million. It was not revealed how much of the team Einhorn would own, and negotiations are ongoing.
Einhorn would not disclose any additional details, citing a confidentiality agreement, but says it's a fair deal and he hopes it will be completed in the next few weeks.