MLB team owners approved the sale of the New York Mets to hedge fund manager Steve Cohen, which was worth a reported $2.4 billion. Cohen assumes control of a Mets franchise that had been under the stewardship of the Wilpon family for 34 years.
Though, the official breakdown of the ownership is 95% belonging to an entity overseen by Cohen, while the Wilpon and Katz families share the remaining 5% of the team.
“This is a significant milestone in the history of this storied franchise,” Cohen said in a statement. “I want to thank everybody who helped make this happen.