Baseball Owners Approve New York Mets Sale To Greenwich Billionaire
The sale of the New York Mets to a Greenwich hedge fund manager has been approved by Major League Baseball owners.
Steve Cohen, the owner of a Stamford hedge fund firm called Point72 Asset Management, will become the richest Major League Baseball owner when the sale officially closes. Forbes has him at a net worth of $14.6 billion.
Cohen used to run SAC Capital, but it shut down after the firm pleaded guilty to insider trading charges.
Mets fans were concerned that because of the SAC Capital controversy, the Mayor of New York City could hold up the transaction. Bill de Blasio tweeted Friday that the New York City Law Department completed its review of the sale – without objections.
MLB.com Mets reporter Anthony DiComo said Friday the sale will close within the next 10 days.