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Monday, September 14, 2020

Steve Cohen signs the Papers to buy the Mets

From the NY POST 

art by @grafixjoker


 The price according to sources was between $2.4 and $2.45 billion, which is a record for a North American sports team. The previous mark was set by another hedge fund billionaire, David Tepper, when he bought the Panthers for $2.275 billion in 2018.

That means the next hurdles are Cohen being vetted by an ownership subcommittee that will then make a recommendation to the larger group whether to accept Cohen into their club. A vote of all owners is expected to come before November and Cohen would need 23 yeas to succeed Fred Wilpon, Jeff Wilpon and Saul Katz as the majority owner of the Mets.

“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.

Read more here

Now, doe he get approved or does the Cloverfield monster come out and wipe out Citi Field because it is 2020?

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