Friday, 19 December 2014
Last updated 4 hours ago
Aug 29 2011 | 12:00pm ET
David Einhorn might have to wait until next season to enjoy his own owners' box at Citi Field.
The long-promised and long-delayed deal to make the Greenlight Capital founder a minority owner of the New York Mets—and to give the team a much-needed, $200 million capital infusion—is on hold again. No agreement will be struck by the end of this month, Forbes reports, leaving the two sides with just one more month in the baseball season to finalize a deal.
Talks between the two sides remain on track, according to Forbes.
Earlier this month, the New York post reported that Einhorn and the Mets had reworked his deal to buy a chunk of the team to appease the Mets' lenders, led by JPMorgan Chase. Under the new terms, only half of Einhorn's investment will be in the form of a loan and he'll buy only half as much of the team, 17%. The team's current owners, Fred Wilpon and Saul Katz, have five years to either repay Einhorn his $200 million or to allow him to buy a majority stake in the team for a nominal sum.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.