Frustrated Mets fans have for years pined for a new owner to swoop in and buy their team, someone to save it from what they felt was decades of mismanagement and mediocrity. Those fans can finally rejoice. Steven Cohen is buying the team, and this time it appears to be for real. Cohen, a billionaire hedge fund mogul from Long Island, has agreed to purchase the Mets from Saul Katz and Fred Wilpon, the team announced on Monday. Katz and Wilpon will retain 5 percent of the team.

Source: New York Times September 14, 2020 21:41 UTC