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Minority interest of Mets sold to David Einhorn

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  1. Beldar C Beldar C is offline

    New Haven, CT
    United States

    Posts: 223
    Joined: Dec 05

    May 26th, 2011 (5/26/2011 2:13pm)

    Obviously it's gonna come out to be <50% of a stake, but apparently the Wilpons have sold a minority interest in the team to David Einhorn--the hedge fund manager and the guy who finished 18th in the 2006 WSOP ME.
    Edited By: Beldar C May 26th, 2011 at 02:16 PM
     
  2. mhoddi mhoddi is offline

    Western Sahara

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    May 26th, 2011 (5/26/2011 2:20pm) in reply to Beldar C

     
  3. FTWDomer FTWDomer is offline

    Fort Worth, TX
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    May 26th, 2011 (5/26/2011 2:21pm) in reply to mhoddi

    FINKLE IS EINHORN

    edit: god damnit
    Edited By: FTWDomer May 26th, 2011 at 02:21 PM
  4. jesterwords jesterwords is offline

    Posts: 20,674
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    May 26th, 2011 (5/26/2011 2:24pm) in reply to FTWDomer

    lol
  5. norcaljeff norcaljeff is offline 2010 OT Thread Kill Leader

    San Francisco, CA
    United States

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    May 26th, 2011 (5/26/2011 5:08pm) in reply to jesterwords

    dammit. came to post "Laces OUT, Dave!" and I'm waaay too slow. wp hoddi
  6. kellykip kellykip is offline The Chosen One

    New York City, NY
    United States

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    May 26th, 2011 (5/26/2011 5:09pm) in reply to norcaljeff

    Motherfuck!!! you guys are too fast
  7. p00pymcp00perton p00pymcp00perton is offline

    Lao People's Democratic Republic

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    May 26th, 2011 (5/26/2011 5:16pm) in reply to norcaljeff

     
    Originally Posted by norcaljeff View Post

    dammit. came to post "Laces OUT, Dave!" and I'm waaay too slow. wp hoddi

    lol. yo tambien.
  8. jetsjets1028 jetsjets1028 is offline

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    May 26th, 2011 (5/26/2011 5:36pm) in reply to p00pymcp00perton

    in before Einhorn is indicted by the DOJ for something that the Mets should have caught
  9. Mkind16 Mkind16 is offline

    Manalapan, NJ
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    May 28th, 2011 (5/28/2011 7:31pm) in reply to jetsjets1028

    There's a pretty decent chance that Einhorn becomes the majority owner in 3 years even if Wilpon wins the Picard lawsuit:
    “Einhorn has agreed in principal to purchase roughly 33 percent of the team for $200 million, which will infuse cash and keep the organization solvent in the immediate future. In three years, according to the source, Einhorn has an option to up his stake to 60 percent, although principal owner Fred Wilpon and his family have an opportunity to block Einhorn from gaining that majority stake.

    The source said the Wilpons can stop Einhorn from gaining the majority share essentially by returning Einhorn’s initial $200 million investment yet allowing him to keep the 33 percent share of the team.”
    If the Mets keep losing money at the rapid pace they have been, it would likely be illogical for Wilpon to want to write Einhorn a $200 million check to maintain control of the team. Then again, "logical" and "Wilpon" don't generally go in the same sentence.
    Edited By: Mkind16 May 28th, 2011 at 07:32 PM
    1
  10. TheWacoKidd TheWacoKidd is offline haters gonna hate

    Posts: 37,473
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    May 28th, 2011 (5/28/2011 7:34pm) in reply to Mkind16

    some Jew will come along with some Jew gold and prop Wilpon back up when needed... sunrise, sunset.
     1
  11. bballin04 bballin04 is offline

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    May 28th, 2011 (5/28/2011 7:41pm) in reply to Beldar C

    I went to hear him speak when I went to Cornell. He was talking about the financial crisis, he basically gave me my whole perspective on the issue. Also talked to him about poker, apparently he loves the game. All in all, one of the most intelligent people I've met.
     
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