I almost missed this story in the NYP but I think it’s a VERY telling look into our intrepid owners.
Our old buddy Howard Megdal, if you recall he once campaigned for Met GM, wrote a book called Wilpon’s Folly where he reports the Wilpons ran to their old buddy Selig for help escaping the fate of eventually selling the team to Einhorn.
To recap Einhorn was set to plunk down 200M to help bail out the cash strapped Wilpons.
Earlier this year, hedge-fund titan David Einhorn would get a 17 percent minority stake in the Mets and the caveat that if Einhorn wasn’t repayed in five years, he could a majority stake for not much more.
Wilpon agreed but then must’ve realized he likely wasn’t going to be able to pay back that 200M, panicked and ran to Selig to have MLB veto the deal so Fred could say “sorry wasn’t me, not my fault”
Sure does sound like something the Wilpons would do right? Make a terrible deal with a much savvier business man than themselves. Of course everyone denies:
MLB lawyer Rob Manfred said, “I don’t believe the account in the book is accurate. I think the reason the deal did not come to fruition is the two parties did not have a meeting of the minds on a key provision in the deal.”
Well that’s a pretty tepid denial, “I don’t believe”… “I don’t think”… pretty wishy washy and def sounds like the MLB lawyer is stopping short of denial.
Of course the Mets weren’t so non-committal as a team spokesman said, “The author’s desperate self-promotional campaign for relevance has led to perpetuating baseless speculation and complete inaccuracies.”
Pretty angry words from the Mets…
Megdal told The Post he stands by his reporting and I gotta say I believe him simply because this sounds like it’s got Wilpon move written all over it.
I’m just sayin’…