Saturday, May 07, 2011

Report: Steve Cohen seen with the Wilpons in CT. Steak House, Could he be the next part owner of the Mets?


The NY Times identified hedge fund manager Steve Cohen as the frontrunner to buy a minority share of the Mets.

Today the New York Post is reporting that is still the case, reporting that Cohen was to meet with the Wilpons and/or Saul Katz  ”at 8 pm at Gabriele’s Steak House in his hometown of Greenwich, Conn.”.


In the Times’ report, people who knew Cohen said that they would be surprised that he would accept a minority stake in the Mets, on the presumption that such a stake would provide him with no control over the direction of the team.

The Post reported last week, however, and repeats today, that “a minority owner will have significant input immediately on key budgetary decisions” and that he would “be part of a newly created board.”

Of Course,  MLB has to approve such a owner, even a minority owner and yesterday it came out that he is being investigated by the feds for insider trading,  Stay Tuned!


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