The New York Mets sold a portion of its team to hedge fund manager David Einhorn on Thursday. The baseball team needed a partner and appeared to have stumbled to one with extensive financial wealth.

In a statement, the Mets said that Einhorn has agreed to join the team in a minority and non-operating investment in place of $200 million. Both parties hope final agreements will be reached by late June.

The agreement is subject to the Major League Baseball owner’s approval.

Einhorn, 43-years-old, is the president of Greenlight Capital, a private investment firm he also founded worth $1 million in 1996. They decided to officially announce the partnership to let everyone hear the news at once, and avoid leaks and other stuffs.

He considers the recent partnership as a personal investment. He has been a fan of baseball and has enjoyed teaching the game to her daughter’s Little League team as coach.

New York Met’s have been trying to deal with a lawsuit worth several millions of dollars. The lawsuit was filed by a court trustee. They wanted Met’s owners to repay $1 billion to the Madoff Ponzi scheme victims.

Fred Wilion, chief executive officer and chairman of the Met’s, said the team is very excited to have David join their ownership group. He said David’s investment instantly improves the financial position of the franchise.

Meanwhile, Einhorn said he is looking forward to collaborating with the Katz and Wilpon families throughout the entire seasons.

Sprint Nextel Corp. opposes the proposed $39 billion deal between AT&T Inc. and T-Mobile USA Inc., the wireless provider announced in a statement on Monday.

The third largest wireless provider in United States urges the government to block the agreement. Voya McCann, Sprint’s senior vice president for government affairs, says the deal will cause harm in the industry and will be dominated by two service carriers, which are Verizon Wireless and a much larger AT&T T-Mobile.

AT&T Inc. planned to takeover T-Mobile USA by purchasing it for $39 billion from its parent company Deutsche Telekom AG. The agreement between the companies was announced March 20. However, it will take effect once it has been approved by the regulators.

Sprint’s chief executive officer Dan Heese said in an interview last week that they will file objections at the U.S. Congress once they start to review the agreement. The government is expected to review the deal comprehensively.

Also, key lawmakers promised to execute hearings. Some of the lawmakers, as well as some consumer advocates believe that the deal could increase prices for wireless subscribers and lessen the competition in the industry.

Sprint said it can compete with the truly dynamic marketplace. AT&T’s plans to purchase T-Mobile can reverse the years of action by the court and federal government to make the telecommunications market in the United States more competitive.

AT&T increased 75 cents to $29.60 on Monday in New York Stock Exchange while Sprint increased 5 cents to $4.73 in the composite trading.