Error 0:
Earlier this year, New York Met fans were jilted at the altar when billionaire hedge fund tycoon Steven A. Cohen pulled out of an agreement to buy 80 percent of the team. Cohen was apparently not please with the current owners – Fred Wilpon, his son Jeff and brother-in-law Saul Katz – insisted on taking Cohen’s cash but not relinquishing control of the team for five years.
Can’t blame Cohen for that. There wasn’t much in for him. The team was valued at $2.6 billion and Cohen had agreed to those terms. Now, with Major League Baseball looking at a season in which they are going to take it on chin financially, the team is said to be worth considerably less.