Billionaire Steve Cohen has reached an agreement with the owners of the New York Mets to take over the MLB franchise. Both sides announced this on Monday.
Only the commitment of at least 23 of the 30 team owners of the MLB is still pending in order to complete the sale of the majority stake in the Mets. Once that vote is passed, Cohen will take over the leadership of the New York Mets.
“I am excited to have reached an agreement with the Wilpon and Katz families to purchase the New York Mets,” Cohen said in a statement.
Cohen had already reached an agreement to buy the Mets in the previous year, but the deal ultimately failed due to differing views on the timing of the takeover. Cohen has held eight percent of the Mets since 2012, for which he had paid $ 40 million at the time.
The Mets currently still belong to Fred Wilpon, his brother-in-law Saul Katz and Wilpon’s son Jeff, who is the franchise’s chief operating officer.
New York Mets: selling price unknown
Cohen, a hedge fund manager and CEO and President of Point72 Asset Management, entered exclusive negotiations to purchase the Mets in August after a bidding competition had been held.
The agreed selling price is currently unknown, but rumors suggest that the price will amount to more than two billion US dollars.
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