Sports Business : Steve Cohen agrees to buy New York Mets…

first_img English Premier League Cricket Latest Sports News RELATED ARTICLESMORE FROM AUTHOR Euro 2020 LIVE broadcast in more than 200 countries, check how you can watch Live Streaming of EURO 2020 in your country By Kunal Dhyani – September 16, 2020 Latest Sports News Facebook Twitter Sports Business Cricket Previous articleChess: Grandmaster P Harikrishna in joint lead after 3 roundsNext articleIPL 2020:Mumbai Indians Hardik Pandya says the setback motivated him to work harder Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Football WTC Finals LIVE: ICC Sponsor Himalaya Men unveils ‘Cheer In Whites’ campaign with Virat Kohli, Rishabh Pant Tokyo Olympics: Indian cricket’s kit sponsor, MPL Sports becomes the Principal Partner for the Indian Olympic Association through their foundation Share on Facebook Tweet on Twitter NBA 2021-22: Wilson reveals new NBA official ball ahead of the 2021-22 season Cricket WTC Finals on Facebook: ICC & Facebook partner to bring exclusive content from the World Test Championship final between India and New Zealand US Billionaire Steve Cohen has agreed a deal to buy the New York Mets baseball team for a reported value of about $2.42 Billion. “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 from the team announcing the deal. WTC Final LIVE: ICC strikes another big deal before India vs New Zealand finals, IPL sponsor UPSTOX is now ICC sponsor Premier League: Setback for Manchester United as empty stadium forces club to lose $30 million in Q1 YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredUndo Cricket Latest Sports News WTC Final LIVE: GoDaddy furthers its partnership with the ICC as official sponsor of the WTC 2021 PSL 2021 Live Streaming: PSL 2021 Phase 2 to be live broadcasted in 100 countries, SonyLIV to live stream in India Tokyo Olympics: Indian Olympic Association partners JSW as sponsor for Tokyo-bound athletes by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMicrosoftBring your desktop to life with Bing WallpaperMicrosoftUndocio.comUnlocking the Success of Digital Transformation with Active Intelligencecio.comUndoE! OnlineTLC’s So Freaking Cheap Takes Penny-Pinching to the ExtremeE! OnlineUndoThe sale must still be approved by 23 of the 30 Major League Baseball team owners before it can become official. The agreement with Sterling Partners, the Mets’ parent company which is controlled by the Wilpon and Katz families, is believed to be the highest price ever paid for a North American sports team.Sports Business : Cohen owns 8% of the team already, will now have 95% shareUnder the terms of the deal, Cohen, a 64-year-old from Long Island, will acquire a 95 per cent stake in the Mets, with Saul Katz and Fred Wilpon retaining a five per cent share. According to reports, the deal does not include SNY, the Mets’ regional sports network (RSN), which will continue to be controlled by Katz and Wilpon.Cohen, who is reported to be worth around US$14 billion, already owns an eight per cent minority stake in the Mets.In a brief statement issued by the team on Monday, Cohen said he was “excited” to reach the agreement, which still requires approval by MLB owners. According to league rules, at least 23 of the 30 team owners must approve the sale for it to go ahead TAGSCohen to buy New York MetsMajor League Baseball LIVEMLS Live Streaming in IndiaNew York Mets Highest ever priced Sports TeamSports Business SHARE Latest Sports News Sports Business : Steve Cohen agrees to buy New York Mets for record $2.42 Billionlast_img