Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Einhorn Has Option to Own 60% of Mets in 3 Years, ESPN.com Says

Don't Miss Out —
Follow us on:

May 28 (Bloomberg) -- 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.

To contact the reporter on this story: Dan Hart in Washington at dahart@bloomberg.net

To contact the editor responsible for this story: Sylvia Wier at swier@bloomberg.net