June 22, 2021

Billionaire Steve Cohen’s bid to buy Mets is on life support (New York Post)

Steve Cohen’s $2.6 billion bid to buy the Mets is on life support — if alive at all.

Sources close to the situation are confirming that the billionaire hedge fund manager is ending negotiations with the Wilpons on his purchase of an 80 percent stake in the franchise. According to those sources, Cohen is deeply unhappy with the Wilpons changing the terms of the deal at a very late stage and has decided to walk away.

When rumors broke that the Cohen deal was dead on Tuesday, the Mets offered a strangely worded non-denial.

“The parties are subject to confidentiality obligations, including a mutual non-disclosure agreement, and therefore cannot comment,” a statement read.

Sources close to Cohen tell The Post that the 63-year-old, $13 billion man is taking the NDA more seriously than the Wilpons and is holding his tongue for the time being.

This is the second time that a deal to sell the Mets to a local billionaire hedge fund manager has fallen through. In 2011, the Wilpons tried to tweak a deal with David Einhorn, who similarly balked at the machinations and publicly walked away, accusing the Wilpons of bad faith in the final stages of his deal.

Read “Billionaire Steve Cohen’s bid to buy Mets is on life support” at New York Post