Timeline set for MLB owners’ vote on Mets sale to Steve Cohen

With the 2020 World Series in the rearview mirror, the timeline for Steve Cohen’s purchase of the New York Mets is coming into focus.

The New York Daily News reports “Major League Baseball owners are expected to vote Friday on Cohen’s approval to take over the Mets from Fred and Jeff Wilpon and Saul Katz, according to people familiar with the situation. Cohen needs to acquire at least 22 out of 29 votes of approval. Just two owners were on the fence with one firm ‘no’ vote as of Tuesday, per sources.”

Last week, MLB’s ownership committee signed off on Cohen’s deal.

That would leave New York City Mayor Bill de Blasio as the last person who can hold up the sale because of the Mets’ lease agreement for the land which Citi Field occupies.

“This is something our Law Department is evaluating right now, and we obviously want to

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Sale of Mets to Steve Cohen expected to be voted on by MLB owners Friday, source confirms

Steve Cohen’s purchase of the Mets is heading to the bottom of the ninth.

In another sign that the end is near for the Wilpon Mets, MLB owners are expected to vote Friday on Cohen as the team’s new owner, a source confirmed Tuesday.

Cohen needs a thumbs-up from 23 of 30 owners, including outgoing Mets boss Fred Wilpon, in order to be approved. The expectation since he agreed to a $2.475 billion deal for the team more than six weeks ago has been that he indeed will win that approval, and there has been no indication that has changed.

The owners’ vote Friday, which was first reported by the Daily News, is one of the final steps before Cohen officially takes control of the team. Cohen and current Mets ownership, the Wilpon and Katz families, are slated to close on the sale within days after MLB approval.

But they

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Mets sale to Steve Cohen expected to be approved by MLB owners this week, per report

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The sale of the New York Mets may soon be complete. MLB’s owners are expected to vote on the transfer of power from the current ownership group, Fred and Jeff Wilpon and Saul Katz, to Steve Cohen this coming Friday, reports Deesha Thosar of the New York Daily News. Cohen needs 22 votes from the other 29 owners to be approved.

Perhaps the biggest obstacle facing Cohen is not approval from the other owners, but approval from New York City. The city owns the land Citi Field sits on and mayor Bill de Blasio must approve the lease transfer. The lease states the mayor can block the sale of the team to “any person that has been convicted in a criminal proceeding for a felony or any crime involving moral turpitude.”

Cohen has technically never been convicted of a crime. His former hedge fund pled guilty to

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Steve Cohen has the votes for ownership approval of Mets sale, Alex Rodriguez/Jennifer Lopez would not

Steve Cohen has the 23 votes required to approve his purchase of the Mets, according to two sources with direct knowledge of the process. If New York City mayor Bill de Blasio moved to kill the deal, the group led by Alex Rodriguez and Jennifer Lopez would not have the votes, per those sources.

Chicago White Sox owner Jerry Reinsdorf is widely expected to vote no on Cohen, and could bring three or four owners along with him, according to a person with direct knowledge of the process. Beyond that potential coalition, owners plan to support Cohen’s plan.

As SNY reported last week, the vote is expected to occur this week. Soon after, perhaps next week, the sale would close and Cohen would take control of the team.

The only known potential delay would be a review of the sale by de Blasio’s office.

As first reported by USA Today,

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Mayor Bill de Blasio still ‘evaluating’ Mets sale to Steve Cohen

The office of New York City mayor Bill de Blasio confirmed that Steve Cohen’s purchase of the Mets is not yet a done deal.

“At this point the Mayor and his office are evaluating,” de Blasio spokesperson Bill Neidhardt told SNY on Friday afternoon.

If this evaluation stretches into next week, it could delay the vote among MLB owners on whether to approve Cohen as the Mets’ new owner. The Mets are hoping for the vote to occur next Wednesday, Thursday or Friday. But they need de Blasio to move forward first.

As first reported by USA Today, de Blasio has the right to block the sale to “any person that has been convicted in a criminal proceeding for a felony or any crime involving moral turpitude.’’

The company that Cohen founded, S.A.C. Capital, pleaded guilty in 2018 to securities fraud and wire fraud and paid $1.8 billion in

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Why White Sox’s Jerry Reinsdorf wants to block Mets sale to Steve Cohen, and yes, it involves Alex Rodriguez

So much for smooth sailing.

Chicago White Sox owner Jerry Reinsdorf is trying to do everything he can to block the sale of the New York Mets to billionaire hedge fund manager Steve Cohen.

Yes, the transaction received approval this week from MLB’s ownership committee. But it wasn’t a unanimous vote according to the New York Daily News, which reported “the lone no vote” came from Reinsdorf. Here’s one of the reasons why, per the Daily News:

Reinsdorf has long been a staunch Cohen adversary and successfully lobbied against his bid to buy the Dodgers in 2012. Around the same time, Cohen’s hedge fund, SAC Capital, pled guilty to criminal insider-trading charges and agreed to pay a record $1.8 billion fine. Cohen himself was not criminally charged.

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But that’s only part of

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Reports — MLB owners approve New York Mets sale to Steve Cohen

ARLINGTON, Texas — The proposed purchase of 95% of the New York Mets by an entity of billionaire hedge fund manager Steve Cohen has been approved by Major League Baseball’s ownership committee, and final approval is likely to take place in the next month.

Approval by the committee was disclosed Tuesday by a person familiar with the decision who spoke to The Associated Press on condition of anonymity because no announcement was made. Committee approval was first reported by Sportico.

Baseball’s executive council will consider the deal next and is expected to forward it for a vote by all major league owners. The sale values the franchise at $2.4 billion to $2.5 billion.

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

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Mets sale to Steve Cohen clears latest hurdle

Billionaire Steve Cohen is one step closer to assuming control of the New York Mets. Sportico reports the sale “was approved by Major League Baseball’s Ownership Committee, all but assuring the hedge fund titan will be the team’s new owner, according to people familiar with the matter.”

The Ownership Committee, chaired by Pittsburgh Pirates Chairman Bob Nutting, reviewed the vetting of Cohen and details of the proposed transaction, said the people, who were granted anonymity because the matter is private. MLB declined to comment.

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According to Sportico, a vote by MLB’s 29 owners “may take place soon after the World Series,” which begins Tuesday. Cohen needs 23 votes for the sale to be approved.

Cohen closed the deal last month to purchase the Mets in a transaction which put the value of

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Leading off for Mets new owner Steve Cohen: a deal to buy SNY

Billionaire hedge fund manager Steve Cohen, who closed on a deal to buy the New York Mets on Monday, has one more item on his shopping list: SNY, the cable television home of the franchise.

Fox Business Network’s Charles Gasparino reports “discussions about his possible purchase of @SNYtv will likely occur after the owners vote in November.”

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Sportico, which first broke the news that Cohen closed on the Mets, reports his purchase of the club did not include the TV network.

While financial terms of the agreement haven’t been disclosed, two people with knowledge of the deal have said the sale values the team at about $2.42 billion. That would make it the most paid for an MLB franchise, topping the $2.15 billion paid for the Los Angeles Dodgers and surrounding real

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