The Wilpon family announced on Monday that it has come to an agreement to sell the Mets to Steve Cohen. The transaction is subject to the approval of the other Major League Baseball owners.
“I am excited to have reached an agreement with the Wilpon and Katz families to purchase the New York Mets,” Cohen said in a statement.
Cohen, 64, is a hedge fund manager and lifelong Mets fan who currently owns an 8 percent stake in the team. He attempted to purchase a majority stake in the Mets last November, but negotiations fell apart. Sterling Equities, the Wilpon-run parent company of the Mets, subsequently put the team up for auction, before again entering exclusive negotiations with Cohen this summer.
— New York Mets (@Mets) September 14, 2020
This time, the sides struck a deal, announcing Monday that they signed a sale agreement. The deal will be put to a vote at the MLB Owners Meetings in November, with approvals needed from at least 23 of the other 29 owners for Cohen to assume ownership.
If it is approved, it will mark the end of the Wilpon family’s control of the Mets after 34 years.