Three-and-a-half months after he burst on the scene as a potential savior of the New York Mets, hedge fund manager David Einhorn is out as a minority investor in the team.
According to a source familiar with the negotiations for Einhorn to invest $200 million and gain a 33% stake in the Mets, the owner of Greenlight Capital “overplayed his hand” with owners Fred and Jeff Wilpon and Saul Katz and will not invest in the team.
Full story: David Einhorn is out of the running to buy a minority stake in the Mets.