Ken Rosenthal
@Ken_Rosenthal
BREAKING: The Sterling Partners and Steve Cohen are negotiating an agreement in which Cohen would increase his investment in the #Mets, per source. Fred Wilpon will remain Control Person and CEO for five years and Jeff Wilpon will remain COO for five-year period as well.
5 more years of suffering - but as a Knicks fan, if you told me that Dolan agreed to sell most of MSG and be out in 5 years, I'd be calling people to see if anyone would give me a ride to the parade.
How typical and pathetic of the Wilpons to insist of 5 years of control on the way out. Look forward to them gutting our farm system and half-assed trying to win a world series so they can go out with some good press.
Guess I need to start eating right and working out more to make sure I'm in good health to enjoy these post-Wilpon Mets years.
I doubt the 5 years of continuing control for the Wilpons is written in stone. Why would someone take a majority interest in a business (and if it's really buying 80% more, a large majority interest), without control? I can see agreeing to have the Wilpons keep running things for now, but I can't imagine Cohen would do this deal without the ability to change things if he's unhappy with how they're managing the business. 5 years is a really long time for him to wait if they're screwing things up.
I can't imagine he doesn't have the ability to fire them in that 5 year period. They have 5 year control and can run the team into the ground and not be fired? I doubt it. I've never heard of such a thing if not.
How typical and pathetic of the Wilpons to insist of 5 years of control on the way out. Look forward to them gutting our farm system and half-assed trying to win a world series so they can go out with some good press.
Guess I need to start eating right and working out more to make sure I'm in good health to enjoy these post-Wilpon Mets years.
I was just thinking the exact same thing. They are going to try to win now more than ever. Ugh. I hope after 5 years the Mets are crippled with old, overpaid vets and no farm.
How typical and pathetic of the Wilpons to insist of 5 years of control on the way out. Look forward to them gutting our farm system and half-assed trying to win a world series so they can go out with some good press.
Guess I need to start eating right and working out more to make sure I'm in good health to enjoy these post-Wilpon Mets years.
I was just thinking the exact same thing. They are going to try to win now more than ever. Ugh. I hope after 5 years the Mets are crippled with old, overpaid vets and no farm.
Christopher Soto
@SotoC803
·
3m
Part of me wonders if the Wilpons/Sterling Equities are forcing themselves to sell majority ownership in the team.
We found out a few weeks ago that they had not yet contributed a dime towards their share of the $1.3 Billion Belmont Park Arena Project.
Tim Healey
@timbhealey
·
1m
More info: Steve Cohen's upped stake will be a majority stake -- so he will be the Mets' owner, a source says.
After the five-year window during which the Wilpons keep their titles, Steven Cohen will be the Mets' "control person," which is basically baseball's term for owner.
Behind the scenes obviously but the Wilpons really haven’t meddled much since Sandy took over outside of maybe setting the payroll number.
I doubt they are going to start running the whole front office on their way out the door even if it is 5 years away.
And maybe the Cohen money starts now, allowing them to be more aggressive in the meantime.
Let’s hope.
Ken Rosenthal disagrees with you. He said the Wilpons meddle more than almost any owner in baseball and LAUGHED out loud when talking about "unique politics" behind the scenes with the Mets just a few weeks ago... he wasn't talking Trump either lol
Jeff being out after 5 years in itself is an upgrade, Nelson Doubleday warned us all.
Jarrett Seidler
@jaseidler
·
52m
Cohen is a hedge fund ghoul who is the basis for Damian Lewis’s character on Billions. Don’t assume this is actually good news until things happen
However let’s not act like Cohen inject some capital into this situation or indicate a willingness to invest in contracts going farther out.
I am mildly nervous about the relationship with SNY and how much of a share he will own of that since that is the real money maker and allegedly the Mets sell the rights to them at a very sny friendly deal.
most about Cohen from twitter writers that changes things the most is what DMM alluded to.
He will hire a baseball guy to run things. He won't be COO like Jeff.
And to the reports about "what kind of person" Cohen is. I honestly don't give a shit. If he allows baseball people to make baseball decisions and keeps himself out of the headlines - two major thumbs up and 2025 can't get here fast enough.
Jarrett Seidler
@jaseidler
·
52m
Cohen is a hedge fund ghoul who is the basis for Damian Lewis’s character on Billions. Don’t assume this is actually good news until things happen
Jarrett seems like the type who hates anyone who runs a hedge fund. Personally, someone smart enough to rise to the top of that world, and who has incredibly deep pockets, is exactly who I want as an owner.
RE: I mean... there might be a few things going on Â
Behind the scenes obviously but the Wilpons really haven’t meddled much since Sandy took over outside of maybe setting the payroll number.
Come on Z, there have been a multitude of stories that implied Jeff was overly involved in every aspect of the operational side. Many have speculated that is why he hired his golfing buddy as GM.
After 33 years of mostly ineptitude, I can hold on for 5 years. And maybe knowing most of it isn't their money, they'll open the purse strings a bit.
Ken Rosenthal
@Ken_Rosenthal
BREAKING: The Sterling Partners and Steve Cohen are negotiating an agreement in which Cohen would increase his investment in the #Mets, per source. Fred Wilpon will remain Control Person and CEO for five years and Jeff Wilpon will remain COO for five-year period as well.
yes it would.
I wouldn't wish death on anyone for mismanaging a baseball team but he's old, old people die.
wondering if CEO goes to Cohen or Jeff.
Nevermind, it's only 4% but still. FUCK YOU WILPONZIS.
selling 60% to make total share 80%? thats my guess
How typical and pathetic of the Wilpons to insist of 5 years of control on the way out. Look forward to them gutting our farm system and half-assed trying to win a world series so they can go out with some good press.
Guess I need to start eating right and working out more to make sure I'm in good health to enjoy these post-Wilpon Mets years.
How typical and pathetic of the Wilpons to insist of 5 years of control on the way out. Look forward to them gutting our farm system and half-assed trying to win a world series so they can go out with some good press.
Guess I need to start eating right and working out more to make sure I'm in good health to enjoy these post-Wilpon Mets years.
I was just thinking the exact same thing. They are going to try to win now more than ever. Ugh. I hope after 5 years the Mets are crippled with old, overpaid vets and no farm.
Quote:
This is really exciting.
How typical and pathetic of the Wilpons to insist of 5 years of control on the way out. Look forward to them gutting our farm system and half-assed trying to win a world series so they can go out with some good press.
Guess I need to start eating right and working out more to make sure I'm in good health to enjoy these post-Wilpon Mets years.
I was just thinking the exact same thing. They are going to try to win now more than ever. Ugh. I hope after 5 years the Mets are crippled with old, overpaid vets and no farm.
aren't***
JDG Cy young's, Alonso ROY and rookie HR record and derby, WC game in 2016.
this is the best day as a Mets fan in over 4 years if this is true.
The fanbase has long deserved more worthy owners.
@SotoC803
·
3m
Part of me wonders if the Wilpons/Sterling Equities are forcing themselves to sell majority ownership in the team.
We found out a few weeks ago that they had not yet contributed a dime towards their share of the $1.3 Billion Belmont Park Arena Project.
Tim Healey
@timbhealey
·
1m
More info: Steve Cohen's upped stake will be a majority stake -- so he will be the Mets' owner, a source says.
After the five-year window during which the Wilpons keep their titles, Steven Cohen will be the Mets' "control person," which is basically baseball's term for owner.
I doubt they are going to start running the whole front office on their way out the door even if it is 5 years away.
And maybe the Cohen money starts now, allowing them to be more aggressive in the meantime.
Let’s hope.
I doubt they are going to start running the whole front office on their way out the door even if it is 5 years away.
And maybe the Cohen money starts now, allowing them to be more aggressive in the meantime.
Let’s hope.
Ken Rosenthal disagrees with you. He said the Wilpons meddle more than almost any owner in baseball and LAUGHED out loud when talking about "unique politics" behind the scenes with the Mets just a few weeks ago... he wasn't talking Trump either lol
Jeff being out after 5 years in itself is an upgrade, Nelson Doubleday warned us all.
Link - ( New Window )
Link - ( New Window )
The Mets could have the wealthiest and most aggressive owner in baseball. Talk about a 180!
@jaseidler
·
52m
Cohen is a hedge fund ghoul who is the basis for Damian Lewis’s character on Billions. Don’t assume this is actually good news until things happen
I am mildly nervous about the relationship with SNY and how much of a share he will own of that since that is the real money maker and allegedly the Mets sell the rights to them at a very sny friendly deal.
He will hire a baseball guy to run things. He won't be COO like Jeff.
And to the reports about "what kind of person" Cohen is. I honestly don't give a shit. If he allows baseball people to make baseball decisions and keeps himself out of the headlines - two major thumbs up and 2025 can't get here fast enough.
@jaseidler
·
52m
Cohen is a hedge fund ghoul who is the basis for Damian Lewis’s character on Billions. Don’t assume this is actually good news until things happen
Jarrett seems like the type who hates anyone who runs a hedge fund. Personally, someone smart enough to rise to the top of that world, and who has incredibly deep pockets, is exactly who I want as an owner.
Come on Z, there have been a multitude of stories that implied Jeff was overly involved in every aspect of the operational side. Many have speculated that is why he hired his golfing buddy as GM.
After 33 years of mostly ineptitude, I can hold on for 5 years. And maybe knowing most of it isn't their money, they'll open the purse strings a bit.
@DPLennon
·
5m
Bloomberg has Steve Cohen’s worth at $9.2B, which means #Mets will have MLB’s richest owner when sale goes through.