Seems ESPN thinks similarly to me on EinHorn:

"Future Mets minority owner won't rule out franchise peril -- he might be banking on it."

"Einhorn has an option to up his share to 60 percent in three years, but that the Wilpons can block it by returning his initial $200 million investment."

"If the Wilpons block it, Einhorn would still retain one-sixth of the team, according to the source. That's a nice perk for what essentially would be a three-year loan."