The other 29 major league owners will have to decide whether the next owner of the Mets will be Steve Cohen.
The Mets said Cohen and Wilpon reached an agreement on Monday regarding the team sale.
Prices range from $ 2.4 to $ 2.45 billion. This is the record of a North American sports team. Former Mark founded another hedge fund billionaire David Tepper in 2018 when he bought the Panthers for $ 2.275 billion.
This means that the next hurdle is that Cohen will be examined by an ownership subcommittee that will recommend to the larger group whether Cohen should be accepted into their club. All owners ‘votes are expected to come before November, and it will take Cohen 23 years to win over Fred Wilpon, Jeff Wilpon and Saul Katz as the Mets’ majority owners.
“I’m delighted to have reached an agreement with the Wilpon and Katz families to buy the New York Mets,” Cohen said in a statement.
The hedge fund is a person who polarizes the billionaire and is not sure he will get the votes he needs. His company has been fined $ 1.8 billion for insider trading and is currently suing for gender discrimination.
However, money often wins. Cohen is valued at about $ 14 billion, and owners generally like it when franchisees sell at a high price because it also affects their valuation.