Hedge fund chief David Einhorn is no longer the only one who can negotiate to buy a minority stake in the New York Mets.
On June 30, the legal exclusivity period between the two sides ended, according to the New York post.
A deal was supposed to be wrapped up but that date, but the two remain in negotiations one week later.
In May, Einhorn agreed to buy a $200 million stake in the team pending “the negotiation of a mutually acceptable definitive agreement.”
It appears that it’s taking longer to expected to arrive at that agreement.
Mets fans excited by Einhorn’s involvement shouldn’t start worrying yet though.
From the New York Post:
“The Mets ownership and David Einhorn are engaged in exclusive, positive discussions regarding an investment in the team,” a team spokesman said. Indeed, while the Mets are talking only to Einhorn, the legal exclusivity period has ended. The spokesman declined to address that issue.
The deal is too far along, with too many details ironed out, to fall apart at this point. And the Mets refusing to even address the expiration of the exclusivity period shows that it’s probably a non-issue.
Just one of the world’s best investors crossing his i’s and dotting his t’s.
Source: New York Post
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