The times they are a-changing in Flushing. First reported by Ken Rosenthal of The Athletic, the Sterling Partners and Steve Cohen are increasing their investment in the Mets. That being said, the Wilpons will retain control over the team for the next five years.
However, as reported by Joel Sherman of the New York Post, the deal means that Cohen will become the majority owner after five years. As a result, it appears as if Cohen will assume control over the team after those five years pass. As Sherman notes, Cohen could allow the Wilpons to continue running the Mets, but if he’s the majority owner, it would stand to reason that he would want to take over as CEO from Fred Wilpon.