Mets sale talks continue
Prospective Mets minority owner David Einhorn (left) and currents Mets owner Fred Wilpon (right). Credit: Getty Images (left) / Alejandra Villa (right)
Though both the Mets and prospective minority owner David Einhorn were optimistic a deal would be completed by the end of June, the fact that the process has continued into July should not be considered a setback, a person familiar with the situation said Friday.
The talks were described as progressing as expected, but it's taking longer than expected, and the two sides are not close to an announcement, the person said. Principal owner Fred Wilpon was seeking a price of $200 million for a stake worth more than 25 percent but less than 49 percent.
Einhorn, the president of Greenlight Capital Inc., visited Citi Field numerous times last month and suggested that the sale potentially could be wrapped up by the end of June. The deal had been under review by Major League Baseball, but that was not considered to be a stumbling block.
