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Steve Cohen signs agreement to buy Mets, deal still needs MLB approval

Mr. Met
Posted at 5:50 PM, Sep 14, 2020
and last updated 2020-09-15 18:56:53-04

NEW YORK — The Mets could soon have a new owner.

The Sterling Partners signed an agreement with hedge fund manager Steven Cohen, according to the team. The sale transaction is subject to the approval of the Major League Baseball club owners.

“I am excited to have reached an agreement with the Wilpon and Katz families to purchase the New York Mets,” Cohen said.

In February, MLB Commissioner Rob Manfred said a deal with Cohen was off. That deal would have allowed Fred Wilpon to remain as controlling owner and chief executive officer for five years.

Cohen bought an 8% limited partnership stake in 2012 for $40 million.