New Mets Co-owner Destroyed World Economy, Is Brewers Fan (Village Voice/Runnin’ Scared)

Mets ownership wrapped up a tumultuous week by agreeing to sell off a minority stake in the ballclub for $200 million to hedge funde honcho David Einhorn. Who is this guy, and what does he want with the Amazins?

Talk about snatching victory from the jaws of defeat: This week, Mets owner/accused Bernie Madoff unindicted co-conspirator Fred Wilpon 1) was the subject of a New Yorker profile in which he dissed his three best players, then had to apologize via clubhouse speakerphone, 2) was the subject of a Sports Illustrated profile in which he suggested the team payroll would plummet from $142 million to less than $100 million next year, then had to watch as GM Sandy Alderson publicly contradicted him, and 3) cut a deal to sell a minority share in the team to hedge-fund superstar David Einhorn for $200 million, staving off financial ruin with an 11th-hour influx of cool, sweet greenbacks. Which one do you think he’s going to be posting about on Facebook?… [read more]

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