David Einhorn Has Option to Own 60% of Mets in 3 Years, ESPN.com Says
David Einhorn, the hedge-fund manager who will buy a one-third stake in the New York Mets, has an option to own 60 percent of the team in three years, ESPN.com reported, citing an unidentified person familiar with the terms.
Owner Fred Wilpon and his family can block Einhorn from gaining the majority stake by returning Einhorn’s $200 million investment, though Einhorn would keep his 33 percent ownership, ESPN said, citing the unidentified person.
The Mets declined to comment to ESPN on the terms. The article said the agreement has yet to be made final.
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