Report: Steve Cohen Officially Purchases the New York Mets

Report: Steve Cohen Officially Purchases the New York Mets

by October 31, 2020 2 comments

After a long process approved to be more strenuous than expected, the New York Mets have a new owner. Great Neck native Steve Cohen, the owner of Point 72, and a hedge fund giant has gained the approval from the MLB, the MLB owners, and the City of New York to purchase the Sterling Mets Equities, known as the New York Mets from the Wilpon and Katz families.

The transaction is a $2.4 billion deal. Kohn was ranked the 36th richest person in the United States with $14.5 billion. Cohen now will have the title of the richest owner in the MLB and the richest owner in New York sports. Cohen oversees management at Point 72 which is a $16 billion hedge fund. The Mets fan outbid Alex Rodriguez and a few others in the bid for the Mets. 

Mr. Cohen is already helping out many people in New York as he has committed $24.5 million to improve communities around Citi Field and to help out the ballpark workers.

With new ownership look for the New York Mets to revamp the front office and to make big splashes in the trading free-agent market to help build a World Series caliber roster for now and in the future.

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