5/26 – Troubled Mets Look to Wall Street

The New York Mets have reportedly inked a deal to sell a major stake for about $200 million to influential hedge fund manager David Einhorn. According to ESPN, the deal is for less than 49% of the club and does not include a stake in SportsNet New York, the franchise’s profitable television network. At the same time, the ball club is reportedly on track to lose $70 million this year due to poor attendance, slumping sales of premium inventory like luxury boxes and heavy debt, according to Fox Business.

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