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Steve Cohen Newsbeat

Friday, October 30, 2020

Steve Cohen’s Mets purchase approved by MLB and de Blasio

Steve Cohen’s got the votes to become the Mets’ next owner.

The hedge-fund billionaire on Friday received the necessary 75 percent of the vote by MLB owners, completing his $2.4 billion transaction with Fred Wilpon and Saul Katz to become the team’s majority owner and control person. Shortly after that news came out, Mayor Bill de Blasio announced that New York City had “no objections.” And with that, the final two obstacles were cleared by the 64-year-old Cohen.

The Post had reported in recent days, de Blasio has been searching for legal loopholes that would block Cohen.

“The New York City Law Department has completed its legal review of the proposed sale of the Mets,” de Blasio said in a statement. “New York City does not object to the sale, and the Mets may proceed with the transaction.”

Cohen said in his own statement that he would donate $17.5 million to City programs, increase the giving of the Mets Foundation and restore the salaries of employees who had their wages cut early in the pandemic.

 

RoyalsRetro (AG#1F) Posted: October 30, 2020 at 03:02 PM | 26 comment(s)
  Beats: mets, steve cohen

 

 

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