Wednesday, July 20, 2011

Mets talking to other investors in case Einhorn's deal falls through


Hedge fund owner David Einhorn has been assumed to have an all but done deal to buy a minority share in the Mets, but the New York Daily News reports that the Wilpons are talking to other potential investors, even as they continue to try to finalize a deal with Einhorn.

Which is their right, because the exclusivity period for negotiations with Einhorn ended a couple of weeks ago. Einhorn, the Daily News reports, has been driving a hard bargain on some final details, so the Wilpons are talking to others, including commodities trader Ray Bartoszek.

The thinking: Einhorn is still probably going to get his stake, but a deal had better get done soon lest the Mets find others who are willing to give them a sweeter deal.
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