Sasha Arutyunova for The New York Times
Steven A. Cohen, a minority investor in the Mets, is negotiating with the Wilpon family to purchase a controlling stake in the team, according to two people close to the negotiations.
A completed deal was not imminent and was still subject to approval by Major League Baseball owners, according to the people, who spoke on condition of anonymity because they were not authorized to comment publicly. It would represent a huge change in the landscape of New York sports and for a beloved, if often troubled, franchise that the Wilpon family has owned a large stake in since 1980.