Thursday, September 1, 2011

The Mets-Einhorn Deal Is So Over

The Mets-Einhorn deal is dead meat, according to New York Times sports reporter Richard Sandomir.

The reporter tweeted that he's waiting to hear what killed the $200 million indefinite deal Einhorn had reportedly penned to buy a large stake (33%) in the baseball team.
At one point, the deal was said to include an opportunity for hedge fund manager David Einhorn to buy the entire team.

Kate Kelly says that Einhorn's side of the story is that the Mets "welched" on their promises and engaged in double-dealing. According to the Post, he said: "The extensive nature of changes that were proposed to me at the last minute has made a successful transaction impossible.

Read more: http://www.businessinsider.com/the-mets-einhorn-deal-is-dead-2011-9

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