For him, it's win/win. For the Met fan, I'm not so sure.

The exact details aren't public. At least not yet. But, Francesa and others are reporting that he got about 35% of the team at about 1.1 Billion evaluation.

For this 1/3+ he only takes 200 million out of his pocket. The rest are loans he guarantees. And, since he's a person whose business will only better thrive on PR, he's gotten at least 100 million in free PR already.

If the Wilpons win the Madoff clawback, he either keeps it for the PR, sells it back to them at a profit, or to someone else. WIN.

If they lose, he is placed to leverage his position to put together a group where they agree to his control of the team without him spending another dime with his investors buying off the Wilpons. WIN.

And, he doesn't need to buy SNY unless it's on his terms. The only value SNY has is in carrying the Mets. So, if he doesn't get terms to his liking, all he does is wait out the contract and start "Einhorn Sports Net".


Personally, I don't trust charismatic Wall Street people. The Wilpons got in the mess their in, knowingly or not, because of a charismatic Wall Street guy. But, I'm hoping for someone other than Coupon & Jeff to take the reins.

So, I and other Met fans are dancing with the devil since Fred/Jeff have been worse than the disaster I expected from the guy who didn't want Piazza and defamed ARod.