NEW YORK — The cash-strapped owners of the Mets agreed to sell a minority share of the team to hedge fund manager David Einhorn for $200 million, with the new partner predicting the club’s financial situation will improve.
The announcement Thursday would allow owners Fred and Jeff Wilpon and Saul Katz to retain control of the team, which has been damaged by the Bernard Madoff scandal. The influx of money would help pay debts and cover operating expenses.
It was not clear how much of the team Einhorn will own. He emphasized his stake was a minority one and that he wouldn’t oversee the team’s payroll or budget.
Footnotes.
The Red Sox placed former Cherry Creek High star Darnell McDonald (quadriceps) on the 15-day disabled list and recalled outfielder Josh Reddick from Triple-A Pawtucket.
• The Phillies activated reliever Jose Contreras (elbow) and optioned right-hander David Herndon to Triple-A Lehigh Valley.
• The Angels placed infielder Howie Kendrick (hamstring) on the 15-day DL and signed 35-year-old infielder Russell Branyan.
Also, first baseman Kendrys Morales underwent a second surgery in Vail on his left ankle to clean out scar tissue, degenerative cysts and debris. There was not an immediate update on Morales, who won’t return this season.
• The Braves traded right-hander Rodrigo Lopez to the Cubs in a deal for minor-league left-hander Ryan Buchter.
The Associated Press
