Cohen makes Mets play

The New York Mets announced that minority owner Steve Cohen is negotiating with Fred Wilpon’s holding company, Sterling Partners, to acquire up to 80% of the club, according to Bloomberg. As part of the deal, both Fred Wilpon and his son, Jeff Wilpon, will remain in their respective roles with the organization for the next five years. If the transaction were to go through, it would value the Mets at $2.6 billion, Bloomberg reports. In 2012, Cohen spent $20 million to buy a 4% stake in the Mets. Sterling Partners currently owns about 68% of the team.

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