Chanos Says Shake Shack Saved Sons From All-Star Cabrera’s Bat
Jim Chanos, who oversees $6 billion as the founder of Kynikos Associates Ltd., said Danny Meyer’s hamburgers might have saved his two sons from getting struck by a bat that slipped out of Miguel Cabrera’s hands during Major League Baseball’s All-Star Game.
The bat flew into the stands down the third-base line after a swing and miss by the Detroit Tigers’ All-Star third baseman during the fourth inning two nights ago. It flew over about 10 rows of fans before hitting the empty seats next to Chanos, who was seen dodging the projectile on the television broadcast by News Corp.’s Fox network.
Chanos, the money manager who rose to fame shorting Enron Corp., said his sons weren’t in their seats at the time because they were grabbing food at Meyer’s Shake Shack stand at New York’s Citi Field, home of the Mets.
“Luckily they got up to get a burger, so the bat landed where they were sitting instead,” Chanos said in an interview today at the CNBC Institutional Investor Delivering Alpha Conference. “I e-mailed Danny Meyer and said his burger had saved my sons.”
Meyer is the chief executive officer of Shake Shack’s parent company, Union Square Hospitality Group. His other restaurants include Gramercy Tavern, the Modern and North End Grill, all in New York.
Chanos’s sons might have missed out on a valuable piece of baseball memorabilia. Cabrera was the American League’s Most Valuable Player last season after becoming the first major leaguer in 45 years to lead his league in batting average, home runs and runs batted in.
A bat easily documented to have been used by Cabrera in the All-Star Game might be worth up to $5,000, said Ken Goldin, the founder of West Berlin, New Jersey-based Goldin Auctions.
A boy wearing a New York Yankees jersey ended up with the bat.
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