Billionaire Steve Cohen has agreed to buy the New York Mets

Billionaire Steve Cohen has agreed to buy the New York Mets

FILE - In this Sept. 9, 2020, file photo, Citi Field is viewed at dusk before a baseball game between the New York Mets and the Baltimore Orioles in New York. Billionaire hedge fund manager Steve Cohen has agreed to purchase the Mets from the Wilpon family. The team announced the agreement on Monday, Sept. 14, 2020. The deal is subject to the approval of Major League Baseball owners. (AP Photo/Kathy Willens, File)

UNDATED (AP) — Billionaire hedge fund manager Steve Cohen has agreed to buy the New York Mets from the Wilpon and Katz families, a deal that’s subject to the approval of Major League Baseball owners. Cohen also entered negotiations to buy the Mets last year, but the deal fell apart in February.  Sportico reported Cohen will own 95% of the team, with the rest staying with the Wilpon and Katz families. The deal reportedly values the franchise at about $2.4 billion.  Former major league star Alex Rodriguez and fiancee Jennifer Lopez also attempted to buy the team, but they dropped out of the bidding last month.  Fred Wilpon purchased a piece of the Mets 1980 as part of an investment group headed by Nelson Doubleday. Wilpon and Saul Katz bought out Doubleday in 2002.

 

Photo Credit: AP Images / Kathy Willens