Mets fans, it’s what you’ve been waiting to hear for months — Steve Cohen and the Wilpon/Katz families have reached a deal.
On Monday morning we heard reports that an agreement was going to be signed today. Now that’s happened. We have an agreement.
Tim Healey of Newsday shared full details of the deal, which values the Mets at approximately $2.475 billion. Cohen will own 95% of the Mets. the Katz and Wilpon families will keep the remaining 5%. The deal is now just pending MLB approval.
A press release also went out Monday evening from the Mets which stated:
“The Sterling Partners have signed an agreement with Steven Cohen pursuant to which Mr. Cohen would purchase the New York Mets. The sale transaction is subject to the approval of the Major League Baseball club owners.
‘I am excited to have reached an agreement with the Wilpon and Katz families to purchase the New York Mets,; said Mr. Cohen.”
Once Cohen gets approved by MLB owners, which will happen in November at the Owner’s Meeting, he’ll be able to take control over the Mets. Of the 30 MLB owners, at least 23 of them will need to agree in order for approval.
Mets fans, it’s happening. A new era of Mets baseball is about to begin.
