Headlines

  • Red Sox Likely To Activate Alex Bregman Tomorrow
  • Astros To Promote Brice Matthews
  • Phillies Reportedly Targeting Controllable Relievers
  • Yankees Prioritizing Pitching, Also Searching For Infield Help
  • Orioles Trade Bryan Baker To Rays
  • Yankees Release DJ LeMahieu
  • Previous
  • Next
Register
Login
  • Hoops Rumors
  • Pro Football Rumors
  • Pro Hockey Rumors

MLB Trade Rumors

Remove Ads
  • Home
  • Teams
    • AL East
      • Baltimore Orioles
      • Boston Red Sox
      • New York Yankees
      • Tampa Bay Rays
      • Toronto Blue Jays
    • AL Central
      • Chicago White Sox
      • Cleveland Guardians
      • Detroit Tigers
      • Kansas City Royals
      • Minnesota Twins
    • AL West
      • Houston Astros
      • Los Angeles Angels
      • Oakland Athletics
      • Seattle Mariners
      • Texas Rangers
    • NL East
      • Atlanta Braves
      • Miami Marlins
      • New York Mets
      • Philadelphia Phillies
      • Washington Nationals
    • NL Central
      • Chicago Cubs
      • Cincinnati Reds
      • Milwaukee Brewers
      • Pittsburgh Pirates
      • St. Louis Cardinals
    • NL West
      • Arizona Diamondbacks
      • Colorado Rockies
      • Los Angeles Dodgers
      • San Diego Padres
      • San Francisco Giants
  • About
    • MLB Trade Rumors
    • Tim Dierkes
    • Writing team
    • Advertise
    • Archives
  • Contact
  • Tools
    • 2025 Trade Deadline Outlook Series
    • 2025-26 MLB Free Agent List
    • Contract Tracker
    • Transaction Tracker
    • Agency Database
  • NBA/NFL/NHL
    • Hoops Rumors
    • Pro Football Rumors
    • Pro Hockey Rumors
  • App
  • Chats
Go To Pro Hockey Rumors
Go To Hoops Rumors

Mets Agree To Sell Minority Stake In Team

By Ben Nicholson-Smith | May 28, 2011 at 7:23pm CDT

7:23pm: Ken Rosenthal of FOX Sports tweets that the Mets have shot down this morning's report, issuing a statement saying "[there] is uninformed speculation regarding terms of a potential deal." Rubin points out that the team has made a series of misstatements in the past.

ESPN's Buster Olney wonders how MLB will respond since the deal is "seemingly a body blow to [the] perceived franchise value of team," and the league could be wary about how future investors perceive the club's worth (Twitter links).

SATURDAY, 8:54pm: Adam Rubin of ESPN New York has learned the terms of the purchase, which sound extremely favorable for Einhorn. The $200MM buys him 30-35% of the team, and he has an option to increase his stake to 60% in three years. If the Wilpons do not want to give him a majority (and controlling) share at that time, they can refund the $200MM while Einhorn still gets to keep his 30-35% stake.

THURSDAY: The Mets have agreed to sell a minority share of the club to David Einhorn, president of Greenlight Capital Inc., according to ESPN's Karl Ravech. The Mets confirmed that Einhorn is their preferred partner, according to Adam Rubin of ESPNNewYork.com. MLB has not yet approved the deal, but the Mets stand to obtain $200MM from Einhorn. The Mets expect to enter into definitive agreemets within a month.

Though the Wilpon family has had its share of financial troubles, the Mets say they're going to continue spending. They are prepared to exceed the commissioner's recommended bonuses in this year's draft and expect to maintain a payroll in the $100-145MM range next year. The influx of cash figures to help the Mets pay their bills.

Share 2 Retweet 37 Send via email0

New York Mets

Rosenthal’s Full Count Video: Red Sox, Capps, Padres
Main
Draft Notes: Bell, Stilson, High School Pitchers
View Comments (0)
Post a Comment

Leave a Reply Cancel reply

Please login to leave a reply.

Log in Register

    Top Stories

    Red Sox Likely To Activate Alex Bregman Tomorrow

    Astros To Promote Brice Matthews

    Phillies Reportedly Targeting Controllable Relievers

    Yankees Prioritizing Pitching, Also Searching For Infield Help

    Orioles Trade Bryan Baker To Rays

    Yankees Release DJ LeMahieu

    Trevor Williams To Undergo UCL Surgery

    Nationals Fire PBO Mike Rizzo, Manager Dave Martinez

    Brewers Activate Brandon Woodruff

    Clarke Schmidt Expected To Undergo Tommy John Surgery

    Bobby Jenks Passes Away

    Braves Release Alex Verdugo

    Top 40 Trade Candidates For The 2025 Deadline

    Rays Reinstate Ha-Seong Kim

    Yankees Have Shown Interest In Ryan McMahon

    Royals Interested In Bryan Reynolds

    Rangers Option Josh Jung

    Kevin Pillar Announces Retirement

    Braves Place Spencer Schwellenbach On IL With Elbow Fracture

    Giants Exercise 2026 Option On Manager Bob Melvin

    Recent

    Trade Deadline Outlook: New York Yankees

    Trade Deadline Outlook: Atlanta Braves

    Which Other Relievers Might The Orioles Shop?

    Lee Elia Passes Away

    Red Sox Likely To Activate Alex Bregman Tomorrow

    Poll: Which Teams Should Make The Biggest Push For Jarren Duran?

    MLB Finalizes Home Run Derby Field

    Astros To Promote Brice Matthews

    Giants Outright Sergio Alcántara

    Joe Coleman Passes Away

    MLBTR Newsletter - Hot stove highlights in your inbox, five days a week

    Latest Rumors & News

    Latest Rumors & News

    • Sandy Alcantara Rumors
    • Luis Robert Rumors
    • Alex Bregman Rumors

     

    Trade Rumors App for iOS and Android App Store Google Play

    MLBTR Features

    MLBTR Features

    • Remove Ads, Support Our Writers
    • Front Office Originals
    • Front Office Fantasy Baseball
    • MLBTR Podcast
    • Trade Deadline Outlook Series
    • 2025-26 MLB Free Agent List
    • Contract Tracker
    • Transaction Tracker
    • Extension Tracker
    • Agency Database
    • MLBTR On Twitter
    • MLBTR On Facebook
    • Team Facebook Pages
    • How To Set Up Notifications For Breaking News
    • Hoops Rumors
    • Pro Football Rumors
    • Pro Hockey Rumors

    Rumors By Team

    • Angels Rumors
    • Astros Rumors
    • Athletics Rumors
    • Blue Jays Rumors
    • Braves Rumors
    • Brewers Rumors
    • Cardinals Rumors
    • Cubs Rumors
    • Diamondbacks Rumors
    • Dodgers Rumors
    • Giants Rumors
    • Guardians Rumors
    • Mariners Rumors
    • Marlins Rumors
    • Mets Rumors
    • Nationals Rumors
    • Orioles Rumors
    • Padres Rumors
    • Phillies Rumors
    • Pirates Rumors
    • Rangers Rumors
    • Rays Rumors
    • Red Sox Rumors
    • Reds Rumors
    • Rockies Rumors
    • Royals Rumors
    • Tigers Rumors
    • Twins Rumors
    • White Sox Rumors
    • Yankees Rumors

    Navigation

    • Sitemap
    • Archives
    • RSS/Twitter Feeds By Team

    MLBTR INFO

    • Advertise
    • About
    • Commenting Policy
    • Privacy Policy

    Connect

    • Contact Us
    • Twitter
    • Facebook
    • RSS Feed

    MLB Trade Rumors is not affiliated with Major League Baseball, MLB or MLB.com

    Do not Sell or Share My Personal Information

    hide arrows scroll to top

    Register

    Desktop Version | Switch To Mobile Version