Sports AP source: MLB owners to vote Friday to approve Mets sale

11:15  28 october  2020
11:15  28 october  2020 Source:   msn.com

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Major League Baseball owners will vote on the sale of the Mets on Friday , three industry sources told The Post. The transfer from the Wilpons to Steve Cohen is expected to pass. The hedge-fund titan Cohen, who has agreed to purchase the Mets for .4 billion, needs 22 of 29 votes in order to gain

DENVER ( AP ) — A person familiar with the negotiations says Major League Baseball owners have approved the sale of the San Diego Padres to a group that includes the O'Malley family and pro golfer Phil Mickelson. The person spoke to The Associated Press on Thursday on the condition of anonymity

ARLINGTON, Texas — Major League Baseball owners will vote Friday to approve the sale of the New York Mets to billionaire hedge fund manager Steve Cohen, according to a person familiar with the situation.

  AP source: MLB owners to vote Friday to approve Mets sale © Provided by The Canadian Press

The person spoke to The Associated Press on condition of anonymity Tuesday night because details of the ongoing process had not been announced.

The proposed purchase of 95% of the Mets by an entity of Cohen was already approved by MLB’s ownership committee. Cohen needs 23 of the 30 clubs to sign off for the deal to be completed. The sale values the franchise at $2.4 billion to $2.5 billion.

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MLB owners will ultimately vote to approve Steve Cohen as principal owner and control person of According to sources , it’s too early to count votes and know if Cohen truly has reason to worry Once that process is more fully underway, Mets and league officials will have a better sense of

MLB owners have approved a plan for the 2020 season and are expected to present it to the MLBPA on Tuesday. Teams would prefer to play at their regular-season ballparks but would switch to spring training stadiums or neutral sites if medical and government approvals can’t be obtained for games at

The current Mets ownership group is headed by Fred Wilpon, brother-in-law Saul Katz and Wilpon’s son Jeff, the team’s chief operating officer. The Wilpon and Katz families would retain 5% of the team.

Cohen first bought into the Mets when the team sought $20 million in minority investment stakes following the collapse of Bernard Madoff’s Ponzi scheme, which was costly to the Wilpons and their companies. The limited partnership shares were sold after a proposed $200 million sale of a stake of the Mets to hedge fund manager David Einhorn fell through in 2011.

The 64-year-old Cohen is CEO and president of Point72 Asset Management.

He already has announced that former general manager Sandy Alderson would return to the Mets as team president under Cohen.


More AP MLB: https://apnews.com/MLB and https://twitter.com/AP_Sports

Ronald Blum, The Associated Press

Mets GM Brodie Van Wagenen, front office are out as Steve Cohen completes purchase of team .
Within hours of Steve Cohen completing his purchase of the Mets, Brodie Van Wagenen and the entire fronts office are leaving the organization. In addition to Van Wagenen’s exit, Omar Minaya (special assistant to the GM), Allard Baird (assistant GM, scouting and player development), Adam Guttridge (assistant GM, systematic development) and Jared Banner (farm director) are out as well. © Andy Marlin-USA TODAY Sports Jul 30, 2020; New York City, New York, USA; New York Mets general manager Brodie Van Wagenen looks on during a game against the Boston Red Sox at Citi Field. Start the day smarter.

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