Shareholders of the Syracuse Chiefs met today to approve the sale of the team to the New York Mets. The shareholders overwhelmingly voted in favor of the deal, and it easily cleared approval from the two-thirds majority necessary to finalize the sale.
It was reported back in October that the Mets bought the community-owned team for $18 million, but approval from shareholders was still necessary to complete the deal. The sale could be seen as a win-win for both parties. The shares of the Syracuse Chiefs will now be valued at $1,300 a piece when they were initially bought for $10 back in the 1960s.