Steve Cohen in negotiations for Mets as A-Rod group withdraws
Billionaire Steve Cohen has reentered into negotiations to purchase the New York Mets, hoping to salvage a deal for the franchise after a previous agreement to buy the team fell apart, a source familiar with the organization’s sale confirmed to SCN. Cohen, 64, previously had come to terms on a deal to buy a controlling share of the Mets at a $2.6 billion valuation. The agreement fell apart amid concerns that Jeff Wilpon, the team’s chief operating officer and the son of majority owner Fred Wilpon, wanted to enforce a clause in the contract that allowed him to remain in his current position for five years rather than treat it as an honorary role. Though Cohen’s price is expected to be less than in his original offer, sources said, it won’t be significantly lower.
Jason Slack Is a Senior Sports Writer for the Sports Core Network and also part of the Sports Core Report.
