I just hope there’s a job for Tone Loc in all this

The Internet is ablaze this morning with talk that some guy is set to become the new minority owner of the Mets. And despite the rampant speculation of several months ago, it is neither Donald Trump nor Michael Bloomberg nor Ralph Lauren nor Lady Gaga nor any other famously rich person. It is David Einhorn, a hedge-fund manager from Westchester.

Oddly, back on Feb. 11, when I wrote how unlikely it was that any rich person we’d all heard of would purchase the Mets, I suggested as a likely candidate “some hedge-fund manager from Chappaqua.” Einhorn’s Wikipedia page does not say where in Westchester he lives, but I’m going to pat myself on the back right now for nailing it on the whole not-Donald-Trump thing.

The press release just came through so looks like the deal is done. My friends who have real-guy jobs sound pretty bullish about Einhorn, and on top of that, the good news is it provides the team some financial stability. Here’s the release:

The New York Mets today announced that David Einhorn has been selected as the team’s preferred partner and that the Mets and Mr. Einhorn have entered into exclusive negotiations with respect to a minority, non-operating investment in the team.  The $200 million personal investment by Mr. Einhorn is subject to the negotiation of a mutually acceptable definitive agreement for the transaction, as well as required approvals by Major League Baseball. The parties expect to enter into definitive agreements by late June.

“We are very excited about David joining our ownership group for several reasons,” said Fred Wilpon, Chairman & Chief Executive Officer, New York Mets.  “Davids investment immediately improves the franchise’s financial position.  Equally important, David’s intelligence, integrity and success in both business and civic affairs provides us with another perspective in evaluating what is best for this organization and our fans, and we welcome his input.  In partnership with David, we look forward to achieving our ultimate goal of again becoming World Series champions.”

Mr. Einhorn stated, “Having an opportunity to become part of the Mets franchise is exciting beyond my wildest childhood dreams.  I spent my first seven years living in New Jersey and rooting for the Mets.  In 1975, I even dressed in a homemade jersey as a Met for Halloween.  I have been a baseball fan for my entire life and have enjoyed teaching the game as the coach of my daughter’s little league team.  I look forward to partnering with the Wilpon and Katz families through the good seasons, the tough seasons and especially the championship seasons.”

Mr. Einhorn is President of Greenlight Capital, Inc., a private investment firm which he co-founded in January 1996, and is Chairman of the Board of Greenlight Capital Re, Ltd.  Along with his wife, Mr. Einhorn formed the Einhorn Family Charitable Trust, whose mission is to help people get along better.  He also serves on the Board of Directors of The Michael J. Fox Foundation for Parkinson’s Research and the Robin Hood Foundation.

And the more important thing right now is we get to make a ton of Ace Ventura related jokes. They’re going to get old really fast but let’s go to town today.

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