You know you're having a big week when calling for the ouster of Microsoft CEO Steve Ballmer and comparing him to Charlie Brown ranks as your second-biggest headline.
Yet that's exactly the position that hedge fund honcho David Einhorn now finds himself in as news breaks that he's interested in buying that much-talked about minority share of the New York Mets from the Wilpon family.
Einhorn confirmed to Bloomberg on Thursday morning that he's in talks to buy a share of the financially troubled team. He did not disclose any more figures, but Richard Sandomir of the New York Times reported that Einhonrn's slice of the team would cost "at least $200 million for less than 49 percent of the team." Sandomir also reported that Einhorn, who grew up as a Mets fan, would not receive a portion of SNY, the team's cable network.
Einhorn made a lot of waves at an investors conference on Wednesday when he said it'd be wise to bet long on Microsoft because it has been underperforming under Ballmer's direction. But even as he was making statements that could have a big effect on his 9.1 million shares of Microsoft, he had baseball on his brain.
A little more background on Einhorn for the Mets fans who are unfamiliar. He was born in 1968 and heads the Greenlight Capital hedge fund that he founded with $1 million in 1996 . He became a big name on Wall Street after he made the prescient moves of short-selling Allied Capital and Lehman Brothers before their big falls.
A little closer to home, he's currently long on Yahoo! (yahoo!) and his brother is in a fantasy football league with one of my friends from college (so there's that).
The good news for Mets fans is that you can't short-sell a sports team (at least not to my knowledge), and there's also at least one more dice-rolling reason for Mets fans to feel hopeful about Einhorn's possible entrance: In 2006, he finished 18th in the World Series of Poker main event and donated all $659K of his winnings to charity.
Might he be on the verge of another value-laden buy-in with this team?