- MLB owners vote to approve sale of Mets to Steve Cohen
- Hedge fund manager expected to pay record price for team
- New York City mayor Bill di Blasio signs off on transaction
The Wilpon family’s control of the New York Mets neared its end after 34 years when Major League Baseball owners voted Friday to approve the sale of the team to billionaire hedge fund manager Steve Cohen.
The transfer from the Wilpon and Katz families values the franchise at between $2.4bn and $2.45bn, a record for a baseball team that tops the $2bn sale of the Los Angeles Dodgers from Frank McCourt to Guggenheim Baseball Management in 2012. The Mets sale is likely to close within 10 days.
