David Einhorn Getting Closer to Officially Owning a Piece of the Mets

NEW YORK - AUGUST 06: David Wright #5 of the New York Mets shakes hands with prospective Mets owner David Einhorn during batting practice before a Major League Baseball game against the Atlanta Braves at Citi Field on August 6, 2011 in the Flushing neighborhood of the Queens borough of New York City. (Photo by Paul Bereswill/Getty Images)
David Einhorn.

According to the Post, Einhorn has restructured his $200 million investment in the Mets, and in doing so, erased opposition from the team’s bank lenders. The report says that the deal could close by the end of the month. Under the new deal, half of Einhorn’s money will go towards repaying a loan from Major League Baseball and paying down bank debt, while the other half will go towards team operations. Also: He’ll now get a 17 percent stake, as opposed to a 33 percent stake, and he’ll also reportedly become a limited partner. The Wilpons would now have five years (instead of three) to pay back his $200 million. If they do, he retains his 17 percent stake; if they don’t, he’ll still be able to buy a majory stake for a token amount. (Previous reports said that the token amount was $1.) But you know what, though? After as fun a win as last night’s, it doesn’t seem right to be talking about partial stakes and loan payments today. In fact, forget you even read this, and just go listen to the call of Lucas Duda’s game-winning hit again. [NYP]

David Einhorn Getting Closer to His Mets Stake