“This is something our law department is evaluating, we’re going to get to a resolution on this very quickly,” de Blasio said during his daily press conference Monday morning. “Because the land that Citi Field is on belongs to the city, the city always has to have a role when there is an ownership change. It states that the city can deny the transferral of the Mets (or any NYC-based team) and Citi Field (or any NYC-based stadium) to a person who has committed a felony. Capital Investors, pleaded guilty to securities fraud and wire fraud in 2013, agreeing to pay $1.8 billion in fines. So if it truly is “based on the facts,” as de Blasio said Monday, Cohen’s takeover should not be inhibited by de Blasio or the local government.

Source: The Local October 26, 2020 20:01 UTC