Billionaire hedge fund manager Steve Cohen has signed an agreement with Sterling Partners to buy the New York Mets baseball team, the two sides said in a statement on Monday.
“I am excited to have reached an agreement with the Wilpon and Katz families to purchase the New York Mets,” Cohen said in the brief statement.Newsday reported that Cohen will own 95% of the franchise, with the deal valuing the club at about $2.475 billion, a record amount for a North American sports team.Slideshow
Cohen’s competition included former New York Yankee Alex Rodriguez and his pop star fiance Jennifer Lopez, who led a group that made an unsuccessful bid for the team.
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