Mets To Sell Stake To Hedge Fund Manager For $200 Million

Mets To Sell Stake To Hedge Fund Manager For $200 Million

New York Mets owners Fred and Jeff Wilpon and Saul Katz will sell a minority stake in the troubled team to hedge fund manager David Einhorn for $200 million. The cash will allow the team to remain solvent, and presumably avoid a Dodgers-style takeover by Major League Baseball. [More]