Einhorn-Mets Sale Unlikely To Be Finished Until August

According to

the sale of a minority stake in the New York Mets to Greenlight Capital's David Einhorn is still progressing but unlikely to close until August. According to the source, the two sides are moving towards a deal despite the exclusive window expiring. "Things are proceeding smoothly," the source said. "It's just taking longer than expected." Einhorn is going to purchase a stake in the Mets for $200 million, and will get a third of the team. There has also been reports that Einhorn ultimately has the option to own 60% of the Mets in a few years, but that can be denied by Fred and Jeff Wilpon, the team's principal owners, should they pay Einhorn back. If that happens, Einhorn would own 1/6 of the team at no cost.