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David Einhorn may have some competition for a stake in the Mets

Jul 20, 2011, 5:30 PM EDT

File photo of David Einhorn speaking at 6th Annual New York Value Investing Congress in New York City

Hedge fund/poker god David Einhorn has been assumed to have an all but done deal to buy a minority share in the Mets, but the New York Daily News reports that the Wilpons are talking to other potential investors, even as they continue to try to finalize a deal with Einhorn.

Which is their right, because the exclusivity period for negotiations with Einhorn ended a couple of weeks ago.  Einhorn, the Daily News reports, has been driving a hard bargain on some final details, so the Wilpons are talking to others, including commodities trader Ray Bartoszek.

The thinking: Einhorn is still probably going to get his stake, but a deal had better get done soon lest the Mets find others who are willing to give them a sweeter deal.

  1. surly1n1nd1anapol1s - Jul 20, 2011 at 7:00 PM

    Einhorn has little to risk and all to gain. True to form a commodities trader may pay more than prudent.

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