Wilpons Sell Minority Stake In New York Mets To Hudge Fund President David Einhorn

The New York Mets finally found a buyer for a minority stake in the team in David Einhorn, president of Greenlight Capital, a hedge fund.  For approximately $200 million, Einhorn will receive less than 50 percent of the team and reportedly not get any part of SNY, the Mets television network.

While it's not the end of the problems for the Wilpon family, it does allow them -- along with partner Saul Katz -- to keep control of the Mets while fighting off debt and a lawsuit seeking $1 billion due to their involvement with the Bernard Madoff Ponzi scheme.

Einhorn is a board member of The Michael J. Fox and Robin Hood foundations and also a major contributor to both.  After finishing in the top 20 at the World Series of Poker main event in 2006, Einhorn donated his entire winnings of $659,730 to the foundation.

With his big check and charitable donations also comes a history of trouble with the SEC. Einhorn was investigated for market manipulation following a prolonged battle with Allied Capital, a private equity firm, that was detailed in his book "Fooling Some Of The People All Of The Time".

Einhorn reportedly owns 9.1 million shares of Microsoft, giving him plenty of money to purchase the club outright if Wilpon and Katz are forced to sell their remaining share.

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