Hedge Fund Billionaire buys majority stake in the New York Mets

After a deal fell through last year, hedge fund billionaire Steve Cohen has finally purchased the New York Mets’ majority stake. He will own around 90% stake in the baseball team.

After a deal fell through last year, hedge fund billionaire Steve Cohen has finally purchased the New York Mets’ majority stake.

Earlier Cohen owned 8% but after this deal, he will own around 90% stake in the baseball team.

The deal happened between, Fred Wilpon-Saul Katz and Steve Cohen.

In a statement, Mr Cohen said, “I am excited to have reached an agreement with the Wilpon and Katz families to purchase the New York Mets.”