Friday, November 6, 2020

It is official. Mets are 95 percent less Wilpons.

 


NEW YORK -- The Mets’ ownership change became official on Friday, as Steve Cohen closed his record $2.4 billion deal to purchase the team from Sterling Equities.

Cohen intends to hold a virtual press conference on Tuesday to discuss the deal and his plans for the team.

“This is a significant milestone in the history of this storied franchise,” Cohen said in a statement. “I want to thank everybody who helped make this happen. The 2021 season is right around the corner and we’ve got a lot of work to do, so I’m excited to get started. Let’s go Mets!”

The closing of the sale was a formality following months of work. Cohen signed an agreement to buy the Mets in September, then received approval from both Major League Baseball’s owners and New York City mayor Bill de Blasio last week.

Cohen, 64, is a hedge fund manager and lifelong Mets fan who had already owned an 8 percent stake in the team. He attempted to purchase a majority share of the Mets last November, but negotiations fell apart. In that deal, the Wilpons would have retained operating control of the Mets for five years.

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