Report: The Mets finally have a minority owner. And Fred Wilpon’s days could be numbered

29 Comments

Multiple outlets are reporting this morning that the Mets have an agreement to sell 49% of the team to one David Einhorn of the hedge fund Greenlight Capital, Inc. for $200 million. The sale would not include a stake in SNY, it’s being reported. No word on what kind of managerial control, if any, Einhorn would have.

For those who care about such things, Einhorn is really young — he turns 43 this year — and is a serious poker player too. Colorful guy.

It’s also probably worth noting that Einhorn is in the news this week for much more significant business reasons:  he, as one of the bigger shareholders in Microsoft, is calling for the company to fire its CEO Steve Ballmer.  He’s also famous for being the guy who called B.S. on Lehman Brothers’ valuation and business practices well before anyone else did, and has made oodles shorting the stock of companies he feels are mismanaged. And he’s been pretty much vindicated in all of these assessments.

So: Einhorn is a guy who is not afraid to call for the head of management and he’s a guy who knows how to make a killing on a distressed asset.  Yeah, I can totally see Einhorn agreeing to a deal in which he’s willing to sit back and let Fred Wilpon do everything he wants to do without any power to question, control or take over the course of the New York Mets. No question about it. It’s like, totally his M.O.

It may not be today and it may not be tomorrow, but I have this feeling that Fred Wilpon’s days as majority owner of the Mets are numbered.

Report: Dodgers sign Tom Koehler to one-year deal

Getty Images
Leave a comment

The Dodgers have reportedly agreed to a one-year deal with free agent right-hander Tom Koehler, per Chris Cotillo of SB Nation. The team has yet to officially announce the signing, which is currently pending a physical.

Following a mostly-productive five-year run with the Marlins, the 31-year-old flamed out in 12 starts for Miami in 2017, eventually coming over to the Blue Jays in a midseason trade for minor leaguer Osman Gutierrez. He made a successful transition to the bullpen and finished the season on a high note, pitching to a 2.65 ERA, 3.2 BB/9 and 9.5 SO/9 in 17 innings.

Koehler was non-tendered by the Blue Jays earlier this month and had attracted a fair amount of interest around the league prior to his signing. He’s expected to reprise his role as a middle reliever in Los Angeles, though Cotillo speculates that he could also bring some depth and balance to the Dodgers’ lefty-heavy rotation.