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.”
Billionaire hedge fund manager Steve Cohen has signed an agreement with Sterling Partners to buy the New York Mets baseball team, the two sides said in a statement https://t.co/1WV07T307s
— Reuters Business (@ReutersBiz) September 15, 2020
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Baseball