Monday, September 14, 2020

Steve Cohen Inks Deal to Purchase Mets from Wilpon's

 It's time to celebrate Mets fans. The days of the Wilpon's inglorious reign is coming to an end. 

The Wilpon's and their business partner Saul Katz, Sterling Equitites agreed to sell the Mets to Cohen for $2.45 billion. The Mets television network SNY is not included in the deal. The next major hurdle that Cohen must clear to officially finalize his purchase of the team is receiving approval from a consortium of the MLB owners, or 23 of 29 remaining owners around the league. If eight owners do not approve of the sale, it will fall through.

Cohen can be viewed as controversial in some respects. He is being sued for gender discrimination, and his corporation SAC Capital was involved in insider trading back in 2013. Still, Cohen's deep pockets made him an attractive buyer to the Mets, and Mets fans. 

Unlike the Wilpon's, who built a reputation of being unscrupulous when it came to spending money on the franchise, Cohen has promised that he will spend big money. His reputation as a cutthroat business man and go-getter is something that is going to intrigue Mets fans. 

One of the most important moves Cohen will make right away is determining the future of General Manager Brodie VanWagenen, the Mets front office personnel as well as manager Luis Rojas. The Mets are 21-26, mired in mediocrity in 2020. Van Wagenen has done nothing but make one bad move after another in both trades and free agency, and it is anyone's guess that once Cohen fully takes over Van Wagenen will be a goner. 

Not to mention, Brodie's blasting of Commisoner Rob Manfred a few weeks back with regard to a social justice protest by the Mets and Miami Marlins is not going to sit well with the new boss either. 

The sale of the Mets to Cohen also ends the hopes of Alex Rodriguez and Jennifer Lopez, who hoped that a last ditch effort would turn the tables. Lopez was pushing the idea that she would be in charge of the franchise with A-Rod focused primarily about the on-field product. 

But the facts are it was going to be Cohen all the way. He made the highest bid for the team, and has been the leader in the clubhouse since last December when it appeared he would be on the precipice of buying the team then for $2.6 billion, before the inital deal fell through. 

Now with Cohen in charge, a new era of Mets baseball is coming upon us.

No comments:

Giants Very, Very Quiet at Trade Deadline

 The New York Giants were extremely quiet at the NFL Trade deadline on Tuesday.  Granted New York is 2-7, they aren't going anywhere, bu...