New York Mets owner Fred Wilpon sells a minority stake in the team to investor David Einhorn for $200 million. Wilponâs financial troubles, stemming from losses incurred in the Bernard Madoff fraudulent investment scheme, and from a $1 billion lawsuit from other victims of Madoffâs fraud, have been much talked about in recent weeks; the sale should give him some financial breathing room.
New York Mets owner Fred Wilpon sells a minority stake in the team to investor David Einhorn for $200 million. Wilponâs financial troubles, stemming from losses incurred in the Bernard Madoff fraudulent investment scheme, and from a $1 billion lawsuit from other victims of Madoffâs fraud, have been much talked about in recent weeks; the sale should give him some financial breathing room.