Mets announce they are selling team to Steve Cohen, hedge-fund billionaire to own 95% of franchise
Mets announce they are selling team to Steve Cohen, hedge-fund billionaire to own 95% of franchise

NEW YORK — Steve Cohen’s decade-long pursuit of the Mets is over. He’s liberated the team from the Wilpons.“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.The hedge fund billionaire, soon to be MLB’s richest owner, will reportedly own 95% of the team, with the Wilpon and Katz families owning the remaining 5%.The deal values the Mets at $2.475 billion. Cohen still needs to get approval from 23 of the 30 MLB owners in order to take over the team; that could happen as soon as November. He’s expected to get thos…

Read More

HEDGE accordingly