New York Mets Sell Minority Stake of Team

Breaking News MLB — 26 May 2011

New York Mets Sell Minority Stake of Team

According to ESPN.com, the New York Mets have officially agreed to sell 49% of their team to David Einhorn for a reported $200 million.

Specifics aren’t known, but what is known is that Einhorn is only purchasing a minority stake, and he will not have ownership of the team’s stake in SNY, the television network that is currently owned by the Mets.

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Kevin heads the MLB news section of MLBSoup.com. You can find more of his work over at NFLSoup.com and NBASoup.com.

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