Billionaire hedge fund manager Steve Cohen’s $2.42 billion bid to buy the New York Mets was approved by Major League Baseball’s ownership committee Tuesday, Sportico reported.
The nod all but ensures that Cohen, 64, will become the new owner of the Mets, per the Sportico report. Next up for Cohen: a review by the commissioner’s executive council, followed by a vote by the full slate of owners.
Pittsburgh Pirates Chairman Bob Nutting chairs the ownership committee, which also includes Chicago White Sox Chairman Jerry Reinsdorf, Chris Ilitch of the Detroit Tigers, Paul Dolan of the Cleveland Indians and Fred Wilpon of the Mets. Wilpon likely had to recuse himself, Sportico reported.
Cohen holds an 8 percent stake in the Mets. Under terms of the proposed sale, he would hold a 95 percent stake while the Wilpon and Saul Katz families would keep 5 percent.
Cohen is worth $14.6 billion, according to Forbes.
–Field Level Media (@FieldLevelMedia)
The San Francisco Giants will look to further close the gap in their all-time rivalry with the visiting Oakland Athletics when they seek a second straight win Wednesday night in…
The Cleveland Guardians and Los Angeles Angels will play the third game of their four-game series Wednesday night in Anaheim, Calif., as the Guardians try to rediscover their offense. Cleveland’s…
The Los Angeles Kings are playoff-bound for the first time since the 2017-18 season. The Kings (43-27-10, 96 points) punched their postseason ticket Tuesday night when Dallas defeated Vegas in…
Guardians, slumping Franmil Reyes take on Shohei Ohtani’s Angels
Playoff-bound Kings seek to keep Kraken reeling
Six-man rotation kicks in as Astros, Cristian Javier face Rangers
Jason Robertson, Stars can lock up playoff berth vs. Coyotes
Field Level Media - Professional sports content solutions | FLM
