NEW YORK, NY - MAY 25: Mr. Met entertains the crowd between innings of a game between the New York Mets and the San Diego Padres at Citi Field on May 25, 2017 in the Flushing neighborhood of the Queens borough of New York City.
There have been rumors for a while now regarding who will buy the New York Mets from Fred Wilpon and his family. On Thursday, it appeared that a clear front runner emerged.
Hedge fund manager and billionaire Steve Cohen, according to reports, has submitted an offer Thursday to the Wilpons to buy the team for $2 billion, as well as an additional $2 billion for the club’s 65% stake in SportsNet New York (SNY). Cohen has been a part of a group of bidders for the franchise which included Alex Rodriguez and Jennifer Lopez, the Reuben brothers and Josh Harris and David Blitzer.
Cohen currently holds an 8% stake in the Mets, he had a deal with the Wilpons back in December. That agreement would have increased Cohen’s stake in the team up to 80% for $2.6 billion. The deal fell through however as Cohen was not happy with the Wilpons trying to alter the terms of the agreement at the last minute.
Since 2012, the Mets have ranked in the middle third or worse of baseball in terms of payroll. If Cohen becomes the owner, Mets fans should expect that to change.
Subscribe to our free weekly newsletter!
A week of sports news in your in-box.
We find the sports news you need to know, so you don't have to.
The Atlanta Falcons fired assistant defensive line coach LaTroy Lewis on Friday after he was…
The 20-time tag team champions, the Hardy Boyz, offered a glimpse behind the curtain in…
Ohio State linebacker Sonny Styles performed in the NFL combine on Thursday and caught the…
Diego Pavia was throwing for scouts on Saturday at the NFL combine, and he remains…
Colorado quarterback Dominiq Ponder died in a car crash on March 1. Colorado State Patrol…
The Atlanta Braves announced this week that they have extended their ace pitcher, Chris Sale,…