The New York Yankees have owned the baseball market in New York City for the past quarter decade. Their five World Championships to their crosstown rival New York Mets’ none says it all. The Yankees are approximately worth twice as much as the Mets as a result ($4.6 billion to $2.3 billion) but that should be changing now that billionaire hedge fund manager Steve Cohen has agreed to buy controlling interest in the Mets from the Wilpons.
Cohen grew up a Mets fan (not a Dodgers fans like Fred Wilpon) in Great Neck and won’t sit idly by while the top free agents land in the Bronx, Boston, L.