Mets Announce Agreement To Sell Team To Steve Cohen

For all those folks who wanted J-Lo and A-Rod to become the next owners of the Mets, that's not going to happen. 

For all those folks who wanted J-Lo and A-Rod to become the next owners of the Mets, that’s not going to happen.

Instead, it’s Steve Cohen.

The official announcement was made Monday afternoon, and some Met fans may be jumping for joy: The Sterling Partners have signed an agreement with Cohen to transfer majority ownership of the organization – 95% to be exact – in a $2.35 billion deal.

According to a source, the deal does not include SNY.

After having his initial bid hit a snag six months ago, the 64-year-old hedge fund billionaire is on the brink of ownership. He still needs to be approved by 23 of the 29 MLB owners in November.

The Wilpons have been majority owners since 2002.

“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.

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