Greenlight Capital’s David Einhorn, Still Waiting for Answer on Mets Deal

July 12th, 2011
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An offer by activist hedge fund manager David Einhorn to acquire a $200 million dollar stake in the New York Mets is still on the table, but an agreement with Mets’ owners is still uncertain. According to the New York Times, Einborn, who is the President of Greenlight Capital, an $8 billion dollar hedge fund, has offered to invest $200 million now for a one-third ownership stake with an option to acquire up to 60% of the team in three years.

The team is in dire need of cash to pay back a past due loan from Major League Baseball, and multiple years of red ink. The Greenlight Capital co-founder and Mets’ ownership are still in negotiations over a final deal.
For Detailed Investor Profiles on these Investors, click below:
Greenlight Capital
Related People: Bruce Gutkin; David Einhorn; Harry Brandler; James Lin; Jeffrey A. Keswin*; Nelson Heumann; Vinit Sethi
Related Entities: DME Advisors LP; Greenlight Capital Inc; Greenlight Masters LLC; Greenlight Private Equity Partners
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles

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