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

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, 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

To contact the editor responsible for this story: Sylvia Wier at

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