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Steve Cohen buys New York Mets, MLP

Steve Cohen, Chairman and CEO of SAC Capital Advisors LP.

Scott Ellis | Bloomberg | Getty Images

Steve Cohen is officially the owner of the New York Mets.

Major League Baseball owners endorsed Cohen About 4 2.4 billion purchases The team, which belongs to the Wilburn family, announced the league on Friday.

“I extend my congratulations to Fred Wilfen, Saul Godz and Jeff Wilbun, and thank you for their long-term efforts for the Mets,” MLP Commissioner Rob Manfred said in a statement.

“On behalf of Major League Baseball, I congratulate Mr. Cohen on his endorsement from the Major League Clubs. . “

Since Cityfield is located on public land owned by New York City, Mayor Bill de Blasio had to sign the sale, which he did shortly after the MLP approved it. The New York Post The city announced it was trying to block the team’s sales to Cohen.

“The New York City Legal Department has completed a legal review of the Mets’ proposed sale,” De Blasio said in a statement. “New York City is not opposed to the sale and may continue with the Mets transaction.”

Yonis Cespedis of the New York Mets stands in an on-tech circle in front of card fans during a pre-season game on July 18, 2020 at City Field.

Al Bello | Getty Images Game | Getty Images

Cohen’s transaction has now officially acquired a North American sports franchise, beating the $ 2.2 billion David Depper acquisition of the Carolina Panthers in 2018.

Cohen controls a Mets team that is expected to face more than 100 million losses this year, next, considering the impact of the corona virus outbreak, sources told CNBC’s David Paper.

In August, CNBC reported Cohen Former Yankees star Alex Rodriguez has dropped a team, signed by Jennifer Lopez and Founder of Podymore and Queen’s native Mike Repol. Philadelphia 76ers co-owner Josh Harris was also keen to buy the MLB team.

Cohen withdrew from the original contract to buy the Mets when the Wilburn family tried to run the club after the sale. There was also unfavorable language when it came to the Mets’ regional sports network SNY in the previous deal, which led to Cohen’s exit from the start 80% ownership purchase in February.

Queenie Bell

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