Today, the 29 other owners of Major League Baseball franchises voted and they approved Steve Cohen as the new owner of the New York Mets. The process, which had numerous starts and stops, will be completed once the city of New York, via Mayor Bill de Blasio’s office, allows the lease of Citi Field to transfer to Cohen. That approval is expected later today.
The deal, which is for 95% of team ownership—with now-former majority owners the Wilpons retaining a 5% stake—is worth a reported $2.475 billion.
Cohen cleared the first major hurdle on October 20 after being approved by MLB’s ownership committee.