Einhorn feared if the Mets knew of his previous interest in the Brewers theywouldconclude he was just another rich hedge-fund guy looking to buy a new toy, as opposed to being a serious Mets fan.
After all, if they thought that whatever expansion they were considering would only yield an internal rate of return of 5%, theywouldconclude that they should not engage in the expansion since it would cause them to lock in a guaranteed loss of 1% per year.