Billionaire hedge-fund manager Steven A. Cohen has reached an agreement to purchase the New York Mets from the controlling Wilpon and Katz families, the team said, in a deal that would set a new benchmark for North American sports franchise valuations.
The deal, which will become official after a vote of Major League Baseball’s owners later this autumn, values the team at between $2.4 billion and $2.5 billion, according to a person familiar with the matter.
Real Life. Real News. Real Voices
Help us tell more of the stories that matterBecome a founding member
Subscribe to the newsletter news
We hate SPAM and promise to keep your email address safe