Image by Getty Images via @ DaylifeThe fight between the Los Angeles Dodgers owner Frank McCourt and major league baseball in bankruptcy court gives more influence to David Einhorn, as he signed with the New York Mets hammers out.
Unicorn and the Wilpons should have done a deal by the end of June. Not already done so. Now it should be done, next month. The most important unresolved issue is apparently, whether the hedge fund manager getting to his option, to exercise his ownership share to increase to $1 dollar, if the Mets, repay him his 200 million US dollar investment in three years or five years. The Wilpons want to can of course, as much time as they get given that Mets could lose $60 million of this season.
But the Mets need money to meet Einhorn of payroll and other operating expenses. And there is no way of MLB Commissioner Bud Selig the Mets more $25 million loan can while he McCourt baseball declined, lend money in the team in bankruptcy, without that it appears to the Court, which he of backward turn is, the Wilpons help with playing hardball McCourt has to fight.
Einhorn knows this and use it to his advantage of the Wilpons squeeze. Lesson in public relations: never announce a deal, until you have one.
No comments:
Post a Comment