Baseball Owners Approve New York Mets Sale To Greenwich Billionaire

Connecticut Public Radio | By Frankie Graziano

Published October 30, 2020 at 5:18 PM EDT

The sale of the New York Mets to a Greenwich hedge fund manager has been approved by Major League Baseball owners.

Steve Cohen, the owner of a Stamford hedge fund firm called Point72 Asset Management, will become the richest Major League Baseball owner when the sale officially closes. Forbes has him at a net worth of $14.6 billion.

Cohen used to run SAC Capital, but it shut down after the firm pleaded guilty to insider trading charges.

Mets fans were concerned that because of the SAC Capital controversy, the Mayor of New York City could hold up the transaction. Bill de Blasio tweeted Friday that the New York City Law Department completed its review of the sale – without objections.

MLB.com Mets reporter Anthony DiComo said Friday the sale will close within the next 10 days.

Stand up for civility

This news story is funded in large part by Connecticut Public’s Members — listeners, viewers, and readers like you who value fact-based journalism and trustworthy information.

We hope their support inspires you to donate so that we can continue telling stories that inform, educate, and inspire you and your neighbors. As a community-supported public media service, Connecticut Public has relied on donor support for more than 50 years.

Your donation today will allow us to continue this work on your behalf. Give today at any amount and join the 50,000 members who are building a better—and more civil—Connecticut to live, work, and play.

Donate