New York (CNN Business)The New York Mets have agreed to be sold to hedge fund billionaire Steve Cohen, in a deal that will take five years to complete, the team announced Wednesday evening.
During that time the current owner, Fred Wilpon, 83, will continue to serve as the team’s chairman. He bought half the team along with Nelson Doubleday in 1980, and the other half in 2002. Wilpon’s son, Jeff Wilpon, who is the team’s chief operating officer, will remain in that job for five years.
The Mets have struggled to compete against the more popular New York Yankees, and […] Read more