According to various business and sports sources, hedge fund manager David Einhorn will be the new minority partner of the Mets, investing at least $200 million.
Einhorn is founder and President of Greenlight Capital.
Einhorn has been a Met fans his entire life, and perhaps most encouraging about his becoming part of ownership is the fact that he apparently actually dressed as Dave Kingman for Halloween as a child.
In addition to his business, Einhorn is noted for his charitable contributions and for his successful participation in the World Series of Poker.
He has used the practice of short-selling to make a significant amount of his fortune, and has been investigated for and accused of market manipulation. Some consider him a reformer who pressures companies to improve their performance while others consider him a predator out to drive down the price of targeted stocks.
Regardless of which is closer to the truth, he is going to inject a serious sum into the team, and as his lifelong fandom and poker affinity appear to show, this is a man with a competitive sporting side to him who loves to win and has been very successful.
Let’s hope this translates into him instantly playing a role in improving this moribund franchise.
Check the usual suspect media outlets for more on this breaking story.