June 23, 2021

Talks End Between Mets, Steve Cohen Over Ownership Bid (MLB Trade Rumors)

News broke earlier this week that hedge fund manager Steve Cohen was ending his bid to become the Mets’ majority owner, and those reports were confirmed today by no less a source than Rob Manfred.  The commissioner told reporters (including the New York Times’ Kevin Draper and the Associated Press) today that “there is not going to be a transaction” between Cohen and the Mets’ current majority owners, the families of Fred Wilpon and Saul Katz.  As to whether new negotiations could arise between the two sides, Manfred didn’t sound overly optimistic, saying “my soothsaying isn’t great. I don’t know what’s going to happen.”

As per Tuesday’s report from Thornton McEnery of the New York Post, the proposed ownership transfer (which would have seen Cohen fully take over an 80 percent controlling share of the Mets by the 2025 season) fell through due to some proposed changes to the deal made by the Wilpons late in negotiating period.  McEnery went into further detail about these…

Read “Talks End Between Mets, Steve Cohen Over Ownership Bid” at MLB Trade Rumors