Steve Cohens Deal To Purchase Mets Falling Apart

Ruben Hill
February 5, 2020

On Tuesday, two months after the Mets announced Cohen's negotiations to buy a majority stake in the club, reports emerged - first from Barstool Sports and then from AM New York - that the deal was falling apart.

"According to those sources, Cohen is deeply unhappy with the Wilpons changing the terms of the deal at a very late stage and has made a decision to walk away".

"The parties are subject to confidentiality obligations, including a mutual non-disclosure agreement, and therefore can not comment", said Sterling Partners, the Mets' owners.

The reported agreement with Cohen, 63, called for Fred Wilpon to stay on as the Mets' CEO, and Jeff Wilpon to retain his role as well, through the five-year period.

While the deal is not dead, it is in jeopardy. KFC, who is a big Mets fan, said on the air that Cohen wanted to take over the team now rather than in five years, and that there was a dispute over the team's TV network - SNY.

At the Major League Baseball winter meetings in December, commissioner Rob Manfred indicated that the two sides were on the right track to a deal.This latest development adds to an already chaotic offseason, which saw the Mets fire Mickey Callaway, hire Carlos Beltran as their new manager only to dump Beltran months later for Luis Rojas, amid the Astros sign-stealing scandal that implicated Beltran.

Other reports by Click Lancashire

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