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The Mets are in talks to sell 80% of the team to billionaire hedge fund manager Steve Cohen

From markets.businessinsider.com

The New York Mets' owners are in talks to sell up to 80% of the team to billionaire hedge fund manager Steve Cohen, Bloomberg reported Wednesday afternoon, citing a person familiar with the potential deal. Cohen already holds a stake in the Major League Baseball team, and would receive a path to control the franchise, according to Bloomberg. Principal owner Fred Wilpon would remain in the head role for at least five years, and his son, Jeff Wilpon, will keep his job as the team's chief operating officer over the same period. The deal would value the team at $2.6 billion, Bloomberg reported. The Mets confirmed the ... (full story)

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