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New York Mets fans who thought they were finally rid of the Wilpons as owners could have their balloons busted as the proposed sale to hedge fund billionaire Steven A. Cohen has hit a snag.
The deal, which is designed to have the current ownership group led by Fred Wilpon, his son, Jeff and brother-in-law Saul Katz relinquish control of the team over several years to Cohen in exchange for $2.6 billion.
That deal is not said to be on ‘life support’ according to sources.
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.