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David Einhorn, Mets fail to reach deal

Updated: September 2, 2011, 5:37 PM ET
ESPNNewYork.com

The New York Mets could not reach agreement on a deal for David Einhorn to buy a minority stake in the team and have broken off talks, the organization announced Thursday.

The sides have been in negotiations for months, with Einhorn reportedly poised to pay $200 million for a non-controlling stake in the team. Einhorn would have had the option of boosting his stake to roughly 60 percent in three to five years, a source told ESPNNewYork.com's Adam Rubin. That option could have been blocked ...

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