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.
The Mets entered Sunday night’s game against the Pirates with a disappointing 20-27 record. While the club has dealt with a litany of injuries, manager Terry Collins has also drawn criticism for in-game decision-making, particularly regarding his decision-making.
Owner Fred Wilpon is still Collins’ strongest supporter, however, Newsday’s Marc Carig reports. As a result, the team is unlikely to make a managerial change anytime soon. If the Mets continue to struggle, though, ownership may feel pressured to make a change.
Collins became the longest-tenured manager in Mets history last week. Collins managed the Mets to a 77-85 record in 2011 and has overall helped the club go 501-518, winning the NL Pennant in 2015. He is not signed to a contract beyond this season.
Twins first baseman Joe Mauer had a game for the record books on Sunday against the Rays. He finished 4-for-5 with an RBI double, a solo home run, two singles, and three walks in eight plate appearances. Unfortunately for him, the Twins still lost 8-6 in 15 innings.
ESPN’s Stats & Info notes that Mauer is the first Twin to reach base seven times in one game since Rod Carew in 1972 against the Brewers. The last player to reach base seven times in one game (without the aid of an error) was Giants shortstop Brandon Crawford on August 8 last season against the Marlins. The feat has only been accomplished seven times this decade, so about once a year.
After Sunday’s game, Mauer is batting .283/.363/.408 with three home runs, 18 RBI, and 23 runs scored in 171 plate appearances. Not too shabby.