Einhorn Has $1 Option to Take Control of Mets in Three Years, Forbes Says
By James Kraus -
2011-06-16T08:03:06Z
David Einhorn, the hedge-fund manager who obtained a minority stake in the New York Mets, obtained a $1 option to take control of the team in three years, Forbes reported, citing a banker familiar with the agreement.
The agreement, which would allow Einhorn to boost his stake from 33 percent to 60 percent, isn’t final and is subject to the approval of MLB, the magazine reported in its online edition.
To contact the editor responsible for this story: James Kraus at jkraus2@bloomberg.net
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