CNBC sports business reporter Darren Rovell wrote today that he is “shocked” that David Einhorn has stepped to the plate as the minority owner the New York Mets have been searching for.
Einhorn is not getting a leading voice with the Mets, or a share of the SNY TV money. Rovell said he is surprised because Einhorn is "not exactly a “sit back and watch” kind of guy.
Here is how Einhorn explained his decision to Rovell in an interview on Thursday:
“All I can really say is that I’m very comfortable with the financial arrangement that we’re contemplating for this transaction,” he said.
Maybe Einhorn is doing this to help out a friend in Fred Wilpon, though a $200 million investment seems like a lot more than just help. Maybe he is doing it, and accepting the short-term lack of authority, because in the end he believes the Wilpons will have to sell and this puts him in perfect position to take full control of the franchise.