NEW YORK (CBSNewYork) – Major League Baseball owners are set to vote on the bid by hedge fund mogul Steve Cohen to buy the New York Mets.
But even if Cohen’s approved, the deal could be in trouble, due to opposition from Mayor Bill de Blasio.
Citi Field is actually on land owned by the city, and the lease agreement prevents the transfer of ownership to a felon, or a person who has controlled a felon.
MORE: Mets’ Sale To Steve Cohen Faces Last Hurdle As City Evaluates Ownership Change
While Steve Cohen has never been convicted, his former company was found to have engaged in insider trading, and one of his employees was convicted of a felony.