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Friday, August 28, 2020

Steve Cohen closes in on buying Mets

Steve Cohen is close to buying the Mets — again.

The billionaire won the bidding on the right to purchase the team, according to The Post’s Thornton McEnery. Cohen is now in exclusive negotiations with the Wilpons and Katz families to complete the purchase.

The group that posed the greatest threat to Cohen — led by former Yankee Alex Rodriguez and entertainer Jennifer Lopez — announced it pulled out of the process late Friday night.

This is Cohen’s second chance to purchase the team for which he is a fan. He saw a deal with the Wilpons fall through in February because the current owners wanted to maintain organizational control for five years. Team COO Jeff Wilpon, who complicated the initial deal worth $2.6 billion, was not part of negotiations the second time around, The Post reported.

Cohen was expected to bid more than $2 billion this time and beat out a group led by Rodriguez and Lopez and another by 76ers and Devils owners Josh Harris and David Blitzer.

RoyalsRetro (AG#1F) Posted: August 28, 2020 at 11:28 PM | 1 comment(s) Login to Bookmark
  Tags: mets, steve cohen

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Statements posted here are those of our readers and do not represent the BaseballThinkFactory. Names are provided by the poster and are not verified. We ask that posters follow our submission policy. Please report any inappropriate comments.

   1. The elusive Robert Denby Posted: August 29, 2020 at 12:08 PM (#5973161)
Sadly, this means ARod keeps working on Sunday Night Baseball.

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