Mets sale to Steve Cohen confirmed: record price

(New York) Major baseball team owners on Friday approved the sale of the New York Mets to hedge fund manager and billionaire Steve Cohen.

Ronald blum
The Associated Press

The vote was 26-4 in favor of the sale, a person familiar with the meeting told The Associated Press on condition of anonymity since the outcome was not announced. Cohen needed the approval of 75% of the owners.

The sale of the Wilpon and Katz families to Cohen is valued between $ 2.4 billion and $ 2.45 billion, a record sum for a baseball club. The sale is expected to close within 10 days.

Cohen will control 95% of the club, while the Wilpon and Katz retain 5% of the squad.

« I am honored that the owners of Major Baseball have agreed to my becoming the next owner of the New York Mets, » Cohen said in a statement. Being a team owner is a great privilege and a very special responsibility. « 

Following this transaction, former Mets general manager Sandy Alderson will return to the team’s fold as president.

New York City Mayor Bill De Blasio said the city was not opposed to the sale. She could have opposed the transfer of the lease of Citi Field, home of the Mets since 2009.

64-year-old Cohen is President and CEO of Point73 Asset Management.

Fred Wilpon became the club’s controlling shareholder when he bought out the shares in the Doubleday publishing house in 2002.

No winter seating in 2020

In addition, Major Baseball announced Friday the cancellation of two of its main off-season events, the Governors’ Meeting and the Winter Assizes.

The Governors’ meeting, which was scheduled to take place in Arlington, Texas in November, will take place virtually, as will the Winter Assises, scheduled for December in Dallas.

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