Einhorn Says Deal With Mets Is a ‘Win-Win’

David Einhorn spoke formally in public for the first time since it was announced last Thursday that he is in talks to buy a minority stake in the team. The hedge fund mogul,DC shoes hats, who met reporters during batting practice before the Mets played the Pittsburgh Pirates at Citi Field on Monday, said that the deal being negotiating with the Wilpon family was a “win-win” agreement that he hopes will be completed by the end of June.
Einhorn declined to provide specifics about the deal, citing a confidentiality agreement,Arizona Diamondbacks Hats sale, and he refused to confirm reports, including one in The New York Times, that the agreement includes an option for him to buy a majority stake in the team.
“When the agreement first came,Detroit Tigers Hats, there was a lot of reaction that this was a very one-sided agreement in favor of the Wilpons,Polo Hats,” said Einhorn,NFL Hats, who was wearing a Mets cap. “And now, as other stuff, much of which is not correct, has come out, there’s a lot of you,Wholesale Snapback Hats,” saying that the agreement “is in favor of me. And I think both of those characterizations are wrong. This agreement is a fair agreement.”
Einhorn said that the remaining elements of the talks were “down to very, very small issues,Fox Racing Hats Sale, and mostly documentations and approvals.”
Curiously, Einhorn — who made his name buying undervalued companies — would not guarantee that the team’s finances will not deteriorate further.
“I can’t make any such assurance,Snapback Hats,” Einhorn said. “It’ll be what it’ll be. It’s not that people aren’t going to try really hard to avoid that type of circumstance. The future is uncertain and there’s a wide range of possible outcomes in all sorts of things. It’s true in life and it’s true in this circumstance as well.”
He also declined to discuss the state of the injury-riddled Mets, who are mired in fourth place and have questions surrounding their biggest stars, including Jose Reyes and Carlos Beltran.
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