Mets Try an Angel: Greenlight's Einhorn

27.05.2011
The New York Mets, whose current owners are desperately trying to resolve a billion-dollar suit by the trustee for victims scammed by Ponzi artist Bernard Madoff, are in exclusive negotiations for Greenlight Capital Inc. President David Einhorn to buy a minority stake in the team for $200 million.

Einhorn first had hinted about his interest in the Mets at a hedge-fund conference this week, shouting "Let's Go Mets!" at the end of his presentation at the Ira Sohn Investment Conference in Manhattan. At the same conference, the outspoken hedge-fund-managing Mets fan also had , whom he referred to as "the biggest overhang on Microsoft's stock."

"Ballmer is stuck in the past," Einhorn told his audience suggesting that Ballmer step down. Ballmer "is at best a caretaker at Microsoft."

[Read this , and this .]

But in terms of his thoughts about the financially and athletically struggling Mets organization, Einhorn emerges as a potential angel, and perhaps savior.

notes that the 42-year-old Einhorn wouldn't be involved in operating the money-losing franchise, but rather would be a "preferred partner." Einhorn additionally confirmed in an e-mail interview with Bloomberg News that he is negotiating to buy part of the club.