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NEW YORK – The cash-strapped owners of the New York Mets agreed to delude a eld deal of the aggroup to inclose money manager king Einhorn for $200 million, with the new relation predicting the club's business status module improve.

The announcement weekday would earmark owners Fred and Jeff Wilpon and king Katz to retain curb of the team, which has been damaged by the physiologist Madoff scandal. The influx of money would help pay debts and cover operative expenses.

It was not country how much of the aggroup Einhorn module own. He stressed his wager was a eld one and that he wouldn't oversee the team's section or budget.

"I don't wait to hit curb over any of those topics," he said in a conference call. As for the Mets, he added: "I do wait the business fortunes to meliorate over time."

Wilpon told Sports Illustrated this hebdomad his aggroup is "bleeding cash" and could lose up to $70 meg this year.

Enter Einhorn, the chair of the clannish assets concern Greenlight Capital, Inc.

"I'm rattling comfortable with the business arrangement," said Einhorn, who grew up in New milker as a Mets follower and recalled wearing a Mets accumulation for Halloween when he was most 7 eld old. "I wait to be involved with this a rattling daylong time."

"I can't rattling feature I hit any particular concerns," he said.

Einhorn didn't put whether he would eventually place more of his money into the Mets.

"This is the transaction," he said. "What happens beyond that we'll hit to verify tending of downbound the line."

The Mets said Einhorn module be a "preferred partner" and hit a "nonoperating investment" in the team. The edifice said the deal is person to the "negotiation of a mutually unexceptionable expressed agreement" and is expected to be complete incoming month. Major League Baseball staleness give its approval.

Einhorn said he first met Fred Wilpon during this sale process. Einhorn has daylong famous Bud Selig, having touched to the ballgame commissioner's hometown of metropolis when he was a boy.

Einhorn said his prizewinning childhood friend lived incoming entranceway to the Selig family. When he played ball at his pal's house, Einhorn recalled, "if we hit it very, rattling farther it went into the Seligs' yard."

Fred Wilpon told SI the edifice strength slash section incoming year. In addition, the current owners are existence sued by the suite fiduciary in the Madoff Ponzi plot case, who wants them to move $1 billion to Madoff's victims.

"Having an possibleness to become conception of the Mets concern is elating beyond my wildest childhood dreams," he said in a evidence released by the Mets. "I countenance nervy to partnering with the Wilpon and Katz families through the beatific seasons, the thickened seasons and especially the title seasons."

Recently, Forbes entrepot estimated the continuance of the Mets had dropped 13 proportionality in one assemblage to $747 meg — and that was before the team's sticking losses this season. The Mets also conventional a reported $25 meg give from MLB in November to help cover expenses.

"I hope this is a beatific sign," Mets manager Terry author said before the Mets' mettlesome at Wrigley Field against the metropolis Cubs. "And sure I'm rattling happy that this helps Fred and makes things separate smoother. I'm excited for him."

The Mets were low .500 feat into the series finish in Chicago. author said he hoped the latest business utilization could stabilize things.

"Any instance you can eliminate questions that you hit null to do with, it ever helps," he said. "All that clog is outside the lines and we hit no curb over it, we hit no feature in it, we hit null to do with it."

Wilpon has uttered out lately most his star players, criticizing king Wright, Jose Reyes and Carlos Beltran in a strikingness of the someone in The New Yorker.

After a loss in Apr to the Houston Astros dropped his edifice to 5-13, Wilpon disparaged the Mets' play, titled the concern "snakebitten," and went off on three of his crowning players.

_On the oft-injured Reyes, Wilpon said: "He thinks he's feat to get Carl sculpturer money. He's had everything criminal with him. He won't get it." sculpturer signed a $142 million, seven-year deal with the Beantown Red Sox terminal winter.

_On Beltran: "He's 65 to 70 proportionality of what he was."

_On Wright, a five-time All-Star third baseman and the face of the franchise: "A rattling beatific kid. A rattling beatific player. Not a superstar."

The players' activity was low-key, with outfielder Jason Bay summing it up best.

"Obviously, there's a aggregation more factors feat on here than meet an someone of a ballgame team," he said. "There's a aggregation of things that we don't modify undergo about, so I can't play to undergo and then play to put on what's feat to happen."

___

AP worker writer Brad Doolittle in metropolis contributed to this report.

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