An anticipated buyout of New York Mets owner Fred Wilpon by billionaire Steve Cohen is “on life support,” according to the New York Post. The Post reported Tuesday that sources confirmed hedge fund manager Cohen is ending negotiations to purchase up to an 80-percent stake in the franchise for $2.6 billion. Reports in December said Cohen would take control of the Mets from Wilpon and son Jeff, the team’s chief operating officer, in five years. On Tuesday, the Mets released a statement amid rumors the sale to Cohen was in trouble. “The parties are subject to confidentiality obligations, including a mutual non-disclosure agreement, and therefore cannot comment,” the Mets statement read.

Source: National Post February 05, 2020 00:11 UTC