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

On May 26, 2011 — New York Mets owner Fred Wilpon sells a minority stake in the team to investor David Einhorn for $200 million. Wilpon’s financial troubles, stemming from losses incurred in the Bernard Madoff fraudulent investment scheme, and from a $1 billion lawsuit from other victims of Madoff’s fraud, have been much talked about in recent weeks; the sale should give him some financial breathing room.

Source:
Baseball Reference May 26