Billionaire Steve Cohen purchases the New York Mets

USA Today Sports

Billionaire Steve Cohen has agreed to purchase the New York Mets.

Majority owners the Wilpon family and club president Saul Katz have agreed to sell the team for around $2.745 billion.

Cohen now owns a 95% majority stake in the ball club.

The pending arrangement needs to be approved by the MLB before becoming official, but there shouldn’t be a big hold up on the arrangement.

According to Forbes, hedge funder Cohen has an estimated net worth of $14 billion.

The deal will be Cohen’s first move into professional sports, so we’ll see how he begins to restart his franchise.

Big front office moves could be made sooner than later.

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