David Wright 3B FA Thu 9/1/11 10:27 AM
David Wright
3B FA
According to Richard Sandomir of the New York Times, a deal for David Einhorn to buy a minority share of the Mets is "dead."
Einhorn was expected to pay $200 million for a minority, non-operating investment in the team, but the two sides were apparently unable to come to a satisfactory agreement. It's not yet clear if the Wilpons found a more promising investor or Einhorn backed out of the deal. Either way, the Wilpons and Saul Katz still face a clawback lawsuit for their alleged involvement in Bernie Madoff's Ponzi scheme, so they may eventually have no other choice but to sell. Stay tuned.