Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Sport https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Rob Manfred sees great potential in Met’s sales to Steve Cohen

Rob Manfred sees great potential in Met’s sales to Steve Cohen



Mets fans are not the only ones who see Steve Cohen as a messiah.

“I think a change in ownership of the Mets is an opportunity to make this franchise as strong as it can possibly be, and I think in the long run it will be something that will be good for the game, “Commissioner Rob Manfred said during an online event hosted by Hofstra University’s business school.

It will be up to the owners – who Manfred works for – to approve Cohen, the Long Island native who grew up as a Mets fan and on Monday concluded a $ 2.4 billion deal to buy 95 percent of the ball club from Wilpon and Katz. families.

Cohen needs 23 out of 30 votes in November to take control of the Mets, who are unlikely to make it to the playoffs this season.

A tainted story that includes Cohen̵

7;s former firm, which paid a $ 1.8 million fine in 2013 for settling insider trading fees, and his current company, which was sued for sex discrimination, could complicate matters, though helping 64- the case of the year is that the other owners would see their respective valuations increase if the agreement is implemented.

Cohen originally had a deal to buy the Mets in February, but it fell apart after the two sides disagreed on how much influence the Wilpon family would be able to exercise in the first five years of Cohen’s ownership.

“As you can imagine, a sale of this type, a few billion dollars, pretty complicated deals, and they get those deals ironed out,” Manfred said.

Cohen re-emerged in the spring in the sales process that also included the power couple Alex Rodriguez and Jennifer Lopez.

Mets fans always seemed to hope that Cohen – and his net worth of $ 14 billion – would end up as the winner of an auction, in love with the possibility that he spends more money than they have become accustomed to and ends years of dysfunction by front-office.


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