Report: Steve Cohen Would Immediately Own Over 50% of Mets

According to a report by Mike Ozanian of Forbes, if the Mets sale from Fred Wilpon and Saul Katz goes through, Steve Cohen is expected to immediately own over 50% of the team.

Ozanian also notes that while the reported deal with allow Fred to stay as the CEO for five years and Jeff Wilpon still as the COO for five years, his expectation is that the billionaire Cohen wouldn’t allow them to keep calling the shots.

Cohen – worth about 13.6 billion (with a B!) – is in negotiations to buy the Mets for $2.6 billion. Forbes also reported that Cohen is looking to buy as much as 80% of the Mets. Cohen – a lifelong Mets fan that grew up on Long Island – already owns a minority stake in the Mets and had the second highest bid to buy the Dodgers seven years ago.

In terms of spending, Cohen, “will play the game at the highest level” according to a report from the New York Post.

The deal is not imminent and is still subject to approval by Major League Baseball owners.