Is David Einhorn Trying To Throw A Curveball?

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After news hit in late May that hedge fund honcho David Einhorn was in talks to buy a
minority portion of the New York Mets,
everyone believed the deal would get done relatively easy and soon. Not so, according to the
New York Post.
The deal was supposed to get done by yesterday, but it appears that the deal is going to take a little longer than expected. Einhorn and principal owners Fred Wilpon and Saul Katz have agreed to a deal for $200 million and 33% of the team, but the "I's" are still being dotted, and the "T's" are still being crossed it appears. The hedge-fund manager and the cash-strapped Mets owners, Fred Wilpon and Saul Katz, were expected to wrap up the $200 million deal for a 33 percent piece of the franchise by June 30 but the two sides, sources said, are still haggling. According to the Post, one of the sticking points in the deal not getting done by yesterday could be the time frame in which the Wilpons have to pay back Einhorn. “I spent my first seven years living in New Jersey and rooting for the Mets. In 1975, I even dressed in a homemade jersey as a Met for Halloween,” Einhorn said in a statement in May. “I have been a baseball fan for my entire life and have enjoyed teaching the game as the coach of my daughter's little league team.” "The Mets ownership and David Einhorn are engaged in exclusive, positive discussions regarding an investment in the team," a team spokesman told The Post. Perhaps Einhorn, the noted value investor, is trying to squeeze out a few more nickels and dimes in the deal. This deal looks like it's going to come down to the final pitch.
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Posted In: Hedge FundsMovers & ShakersMediaGeneralDavid EinhornFred WilponGreenlight CapitalNew York MetsNew York Post
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