⁍ Steve Cohen has agreed to buy the New York Mets from the Wilpon and Katz families.
⁍ Newsday reports that Cohen will own 95% of the franchise, valuing it at about $2.475 billion.
⁍ Fred Wilpon and his brother-in-law, Saul Katz, purchased their first stake in the team in 1980.
⁍ The 64-year-old Cohen, who is a New York native and a lifelong Mets fan, currently owns 8% of the team.
– The New York Mets are up for sale again. Billionaire Steve Cohen has signed a deal to buy 95% of the team from the Wilpon and Katz families for a record $2.475 billion, reports Newsday. Cohen, who currently owns 8% of the team, will become baseball’s richest owner. The deal will require the approval of 23 of the 29 team owners when Major League Baseball holds a vote in November. The Wilpon and Katz families bought their first stake in the team in 1980. The 64-year-old Cohen, a New York native and a lifelong Mets fan, currently owns 8% of the team. He had tried to purchase a majority stake last November but the deal fell through. He is now poised to become baseball’s richest owner. Former New York Yankee Alex Rodriguez and his pop star wife Jennifer Lopez led a group that had also made a bid for the team but last month said they were no longer interested in purchasing it, clearing the way for Cohen. An infusion of cash from Cohen could help the Mets become World Series title contenders. The team, which was founded in 1962, has won two titles, the last one coming in 1986.
Source: https://www.reuters.com/article/us-new-york-mets-cohen/billionaire-steve-cohen-agrees-to-buy-the-new-york-mets-idUSKBN2653I1