Fair 30°
Tag:

Point72 Asset Management

Sports
Hedge Fund Billionaire Takes Steps To Purchase New York Mets Hedge Fund Billionaire Takes Steps To Purchase New York Mets
Hedge Fund Billionaire Takes Steps To Purchase New York Mets Many New York Mets fans may have their wishes granted as Greenwich hedge fund billionaire Steve Cohen, a Long Island native, is taking steps to purchase the majority of the team from the Wilpon family. Sterling Partners, the Wilpon’s family business, has reportedly entered talks to sell up to 80 percent of its shares of the Major League baseball team to Cohen, who is already an investor in the club. If completed, the transaction would value the franchise at approximately $2.6 billion. Under the proposed agreement, Fred Wilpon would remain as CEO for five more years, and Jeff Wilpon will con…

SHARE

by Zak Failla