According to Sterling Partners, Steven Cohen has reached an agreement to purchase the New York Mets. The hedge-fund billionaire is set to pay $2.45 billion, a North American record, for the Queens-based franchise.
— New York Mets (@Mets) September 14, 2020
Unlike the first time, this is a binding deal. The only hurdle left is the owners’ vote. Cohen will need 23 owners to approve of his purchase of the Mets, any less and he will be denied.
The current expectation is that Cohen will pass the owners vote and become the next owner of the Mets, but it’s not just a formality.