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Greenwich Hedge Fund Manager Buys The New York Mets

Connecticut Public Radio | By Frankie Graziano
Published November 6, 2020 at 3:51 PM EST

The New York Mets have a new owner, who lives in Connecticut.

Greenwich billionaire Steve Cohen announced on twitter Friday that the transaction between him and the previous owners, Sterling Mets, L.P., had closed.

“The 2021 season is right around the corner and we’ve got a lot of work to do, so I’m excited to get started,” Cohen said in a statement released by the team.

Cohen runs a Stamford hedge fund called Point72 Asset Management.

According to Forbes, he’s worth $14.6 billion dollars, making him baseball’s richest owner. The Mets $2.475 billion sale price is the highest ever paid for a North American sports team.

News
Frankie Graziano
Frankie Graziano is the host of 'The Wheelhouse,' focusing on how local and national politics impact the people of Connecticut.
See stories by Frankie Graziano

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Federal funding is gone.

Congress has eliminated all funding for public media.

That means $2.1 million per year that Connecticut Public relied on to deliver you news, information, and entertainment programs you enjoyed is gone.

The future of public media is in your hands.

All donations are appreciated, but we ask in this moment you consider starting a monthly gift as a Sustainer to help replace what’s been lost.

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