A brief recap: In November 2018 and desperate for a winning move, New York traded top prospect (now a top 10 prospect in all of baseball) Jarred Kelenic, young starting pitcher Justin Dunn, Jay Bruce and two others to Seattle for Edwin Diaz and Robinson Cano with their huge contracts. Steve Cohen and the Mets can build a consistent winner if they avoid previous managerial mistakes, most notably trading top prospects for veterans they can sign in free agency anyway. owners approved Cohen, Mayor Bill de Blasio — whose office had a contractual right to review the deal because the Mets lease Citi Field from New York City — announced approval of the sale. Get the latest odds on all the top sports. You have read about those missteps and misdeeds all over this newspaper, and others, even those generally more sympathetic to his mission. New York Mets General Manager Brodie Van Wagenen has made numerous bad trades during his two-year ... [+] tenure. Legendary Mets captain Mike Piazza also endorsed the new Mets principal owner. Mets fans certainly hope so. and approved by its ownership committee, needed 23 other owners to vote in favor. With Citi Field located on public land owned by New York City, Mayor Bill de Blasio needed to sign off on the sale, which he did shortly after MLB approved. The Associated Press contributed to this report. “New York City does not object to the sale, and the Mets may proceed with the transaction.”, The legal review involved a provision in the Citi Field lease, which states that a transfer of ownership is a “permitted transaction” only if the buyer is not a “prohibited person.” The lease agreement defines a “prohibited person” as anyone who “directly or indirectly controls, is controlled by, or is under common control with a person that has been convicted in a criminal proceeding for a felony or any crime involving moral turpitude.”. First published on September 15, 2020 / 11:05 AM. Cohen first bought into the Mets when the team sought $20 million minority investment stakes following the collapse of Bernard Madoff's Ponzi scheme, which heavily cost the Wilpons and their companies. When Doubleday & Co. was sold to the media company Bertelsmann AG in 1986, the publisher sold its shares of the team for nearly $81 million to Fred Wilpon and Nelson Doubleday, who became 50-50 owners. A-Rod’s longtime (and played-out) boyhood affinity for the Mets holds little significance in the minds and hearts of Mets fans: most can’t stand him. Powered and implemented by FactSet. Do Not Sell My Personal Information, Your California Privacy Rights © 2020 CBS Interactive Inc. All Rights Reserved. “I believe that Steve will work hard to deliver a team in which Mets fans can take pride.”. The deal reportedly values the franchise at about $2.4 billion. Sitemap All Rights Reserved, This is a BETA experience. Technically, Cohen has never been charged with a crime. Let’s go Mets!”. Major League Baseball owners approved of Cohen's roughly $2.4 billion purchase of the team from the Wilpon Family on Friday, the league announced. This material may not be published, broadcast, rewritten, or redistributed. M.L.B. Bill de Blasio has privately told Major League Baseball that... Alex Rodriguez is fuming over losing the Mets to billionaire... Post was not sent - check your email addresses! The Wilpons already have made their decision. Soon after M.L.B. Jerry, It’s been so much fun talking real estate & baseball w/you. But as he enters the bell lap of his second term, de Blasio is apparently determined to leave behind a most curious legacy. Steve Cohen is the owner of the New York Mets. Commissioner Rob Manfred thanked the departing owners — Fred Wilpon, Saul Katz and Jeff Wilpon — in a statement and welcomed Cohen, 64, who grew up as a Mets fan in Great Neck, N.Y. “Steve will bring his lifelong passion for the Mets to the stewardship of his hometown team, and he will be joined by highly respected baseball leadership as well,” Manfred said. The mayor wants to try and extinguish that flame? Friday marked the culmination of the Wilpons' 40-year tenure of ownership in the Mets. Most preferred Cohen. The mayor dragged his feet by focusing on language in the lease that would allow him to block the Mets sale if Cohen was a “prohibited person” who has been “convicted in a criminal proceeding for a felony.”. In a goodbye statement, Fred Wilpon thanked past employees and said it had been “a privilege and honor for our families” to have been a part of the Mets for 40 years. All Rights Reserved. Cohen would be purchasing a much better Mets team had BVW not made a few moves involving trading top prospects that have massively backfired in his two years at the helm. Tyler Kepner, Dana Rubinstein and David Waldstein contributed reporting. “Some folks are trying to ascribe it to personal feelings — it’s not,” de Blasio said at a news conference on Thursday. Listen on Apple Podcasts | Spotify, Jalen Rose: Renaissance Man Be in the know. We want to hear from you. Under the current deal, the Wilpons own a 5% stake in the Mets and will be removed from day-to-day operations. Good luck with that. Back on Jan. 12, Rodriguez tweeted a picture of himself and Reinsdorf that said: “Honored to catch up with my mentor & own personal rabbi last night, the incredible Jerry Reinsdorf. De Blasio had previously expressed a preferred choice among the candidates to buy the Mets: a group led by the singer and actor Jennifer Lopez and her fiancé, Alex Rodriguez, the former baseball star and current television analyst. Cohen, a Great Neck, NY native and lifelong Mets fan, can now get to work on his new team.

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