April 11, 2021

Steve Cohen staying on right track to rescue Mets (New York Post)



SAN DIEGO — Steve Cohen’s transition to Mets majority owner is on the right track from MLB’s perspective.

At the winter meetings, commissioner Rob Manfred indicated he is satisfied with the manner in which team owners Fred Wilpon and Saul Katz are proceeding on the sale that would give Cohen up to 80 percent of the team. Cohen has been a Mets minority owner since 2012.

Under terms of the agreement, Wilpon would remain the control person in the organization for five years and retain the title CEO. Wilpon’s son, Jeff, would remain COO for five years.

Manfred said he had to be notified before Wilpon and Katz put the team on the market, and those guidelines were “followed to a T.” Manfred also indicated he has been kept apprised of the process.

“We have had situations where, particularly in path-to-control cases like this, where someone who owns more is not actually the control person for a period of time,” Manfred said. “Steve Cohen and Fred Wilpon have known each other for a long time. Steve has been an element in the club for a long time.

“I do not expect that there will be any governance issues associated with the plan that they have in place for the…

Read “Steve Cohen staying on right track to rescue Mets” at New York Post