Poker Player Buys Minority Share of New York MetsDavid Einhorn, 18th Place Finisher in the 2006 Main Event, Invests $200M into Franchise |
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The New York Mets have agreed to sell a minority share of the franchise to David Einhorn — the 18th place finisher in the 2006 World Series of Poker main event. Einhorn, a hedge fund manager who donated all of his main event winnings to charity, will pay $200 million to the cash-poor franchise.
According to ESPN, the sale will be for less than 49 percent of the team and will not include a stake in SNY, the television network owned by the Mets.
The 42-year-old Einhorn serves on the boards of Hillel, The Michael J. Fox Foundation and the Robin Hood Foundation. All of his $659,730 main event score went to the Fox foundation for Parkinson’s research.
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Comments
lctom
almost 2 years ago
LOTS OF CLASS THAT MAN HAS AND VERY GENEROUS TOO
SevenKidsPoppy
almost 2 years ago
Great move by Einhorn. This positions him to grow his interest in the club if Picard's actions against the Wilpons leaves them no option but to sell.