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 10 years ago
LOTS OF CLASS THAT MAN HAS AND VERY GENEROUS TOO
SevenKidsPoppy
almost 10 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.