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Tuesday, October 20, 2020

MLB’s Ownership Committee approved Cohen to be the team’s next owner according to the NY POST

From the NY POST 

 Steve Cohen is one significant step closer to becoming the owner of the Mets.

The Post confirmed MLB’s Ownership Committee approved Cohen to be the team’s next owner, with sources saying Cohen received seven of the eight votes on the board. Sportico first reported Cohen’s approval.

Next up will be the eight-owner Executive Committee, followed by the full ownership group, when Cohen will need 23 of 30 votes for his $2.475 billion purchase of the Mets to go through. Since the Mets will vote for Cohen, he’ll really need just 22 of 29.

Cohen met virtually with the Ownership Committee earlier this month and the full ownership group vote could occur as soon as the week following the conclusion of the World Series, with Game 1 Tuesday night in Arlington, Texas.

As The Post’s Ken Davidoff reported Saturday, there is “cautious optimism” that Cohen will secure the necessary votes, although not necessarily unanimity.

White Sox owner Jerry Reinsdorf had previously opposed Cohen’s pursuit of the Dodgers and Reinsdorf is friendly with Alex Rodriguez — who attempted to buy the Mets in a group that included fiancée Jennifer Lopez, and business titans Vincent Viola and Mike Repole. That group could revive its bid if the opportunity arises. Another group led by Josh Harris, who owns the Philadelphia 76ers and New Jersey Devils, also bid for the Mets.

Read more here

Anyone think Cohen doesn't get approved? I think some of the signs like Mikkeller (which was owner by a lot of Wilpons and Katz kinfolk) closing up shop and the US Regulators okaying Cohen to buy the team, I think it's pretty fair to say the owners will vote yes on the sale, even if they are worried about spending. The positive side for them is that the Mets making money, makes the central fund richer.

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