From Josh Kosman in the NY Post. Usually, I would just comment and link this for you guys to read, but the Post wants you to buy the App and pay a subscription. I have it already, so here is the story for you.
The Mets’ exclusive negotiating period with David Einhorn is set to expire next week, The Post has learned.
Einhorn is more than a few days away from signing a contract to buy a minority stake in the baseball team, sources said. These issues include how many years — three, four or five — Mets owners Fred Wilpon and Saul Katz have to pay Einhorn back the $200 million he will invest, another source said. Deal parameters are that Einhorn invests $200 million and either gets paid back, keeping a 16 percent stake as interest, or, if not paid back, is able to exercise an option to up his stake to 60 percent.
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Some of us have yet to embrace Jobs’ “iWORLD”
http://www.nypost.com/p/news/business/mets_exclusivity_ending_6GgjO2U7X1rrUL2xHHHBxN