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David Einhorn’s buy-in to the Mets is almost done

Jul 28, 2011, 10:30 AM EDT

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

The likelihood of David Einhorn completing his deal for a minority share of the Mets has been ebbing and flowing, but it appears to have finally flowed. Or, er, maybe it’s ebbed.  The good one, I mean, whichever that one is.  Screw it, here’s Richard Sandomir in the New York Times:

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.

The parties have apparently appeased J.P. Morgan, which had complained about the deal earlier and wanted to ensure that it got paid first.  Also a contributing factor:  the Mets unloaded Carlos Beltran, and his depressing, loser persona that has infected everything the Mets have tried to do for years is no longer around to make everything crappy.

The last part of that is just speculation, of course, based on stuff I read in another Times article.

  1. heyblueyoustink - Jul 28, 2011 at 11:16 AM

    Maybe he’ll go all Ira Einhorn and butcher what’s left of a sad clubhouse?

  2. heyblueyoustink - Jul 28, 2011 at 3:33 PM

    whoa….a new personal record

  3. seeingwhatsticks - Jul 28, 2011 at 4:51 PM

    I thought I had heard from reliable sources that the Mets wouldn’t have to sell any part of the team once the season actually started. Was that wrong?

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