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.
A spokesman for Cohen declined to comment beyond the 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.
Source: Reuters
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