Wilpon/Katz families will retain a 5% stake. The other LP's are out. 95% to Cohen (he obviously can opt to bring in other LP's). The November meetings have been canceled so it's conceivable a vote is held within the next 6 weeks. If it's not we will have to wait until a scheduled vote post-playoffs and world series.
Mike Puma
@NYPost_Mets
·
46s
Mets have released a comment from Steve Cohen: “I am excited to have reached an agreement with the Wilpon and Katz families to purchase the New York Mets,” said Mr. Cohen.
There is always that chance but I have not seen a single reputable writer suggest this has a real chance of falling apart at this point. Cohen is well known throughout baseball and was already putting his team together (LaRussa/Tellem) when the Dodgers deal didn't happen. It won't be unanimous but this is happening.
I think the chances of the vote going against him are an extreme long shot. A-rod coming in 2nd may have been the best thing for him in that regard.
Getting the agreement this far in advance of the offseason means he will likely get to plan a way to have an impact financially. At minimum he will be able to negotiate extensions for players still in the org later in the winter - which is great. Conforto and Thor should get locked down.
My guess is he will want to hire some form of organizational leader who reports directly to him and that will be the single most important thing that happens next with this franchise. It may take time to get the right person or it may happen the day after his announcement is official, but as long as it's not BVW or Omar I'll be happy.
I think the chances of the vote going against him are an extreme long shot. A-rod coming in 2nd may have been the best thing for him in that regard.
Getting the agreement this far in advance of the offseason means he will likely get to plan a way to have an impact financially. At minimum he will be able to negotiate extensions for players still in the org later in the winter - which is great. Conforto and Thor should get locked down.
My guess is he will want to hire some form of organizational leader who reports directly to him and that will be the single most important thing that happens next with this franchise. It may take time to get the right person or it may happen the day after his announcement is official, but as long as it's not BVW or Omar I'll be happy.
Yes and no. The vote has to be held before 10/31 or it's going to come in the off-season. No off field league business is held during the playoffs or world series. So hopefully it comes within the next 6 weeks (the Marlins vote came soon after). Otherwise, it will be by special vote post world series (November meetings have been canceled).
most of the offseason usually doesn't happen until December, and this is going to be a strange offseason. Everyone will know before the vote whether or not he is getting approved. He is going to have whatever conversations he wants to have prior and has whatever access he needs already being a minority owner.
Nothing will officially happen before the approval vote but plenty will happen.
Mike Puma
@NYPost_Mets
·
46s
Mets have released a comment from Steve Cohen: “I am excited to have reached an agreement with the Wilpon and Katz families to purchase the New York Mets,” said Mr. Cohen.
What a quote haha! But seriously, couldn't have asked for a better owner on paper. Deep deep pockets and a life long Mets fan.
most of the offseason usually doesn't happen until December, and this is going to be a strange offseason. Everyone will know before the vote whether or not he is getting approved. He is going to have whatever conversations he wants to have prior and has whatever access he needs already being a minority owner.
Nothing will officially happen before the approval vote but plenty will happen.
November meetings were canceled so this will have to be a special vote. Hopefully sooner vs. later.
Now that it's over, I have a real curiosity how Jeff could be so dumb
Honestly I doubt it. The other owners must be drooling at the prospect of $2.35 billion valuation for the Mets. That and he's a sole owner (not a conglomerate) that will be run the organization stably (i.e. no bickering amongst multiple owners).
A vote of all owners is expected to come before November
Honestly I don't think the exact date matters because it will be close enough to the beginning of the offseason that if he wants to give Realmuto $100m+ he will be able do it. The guy literally just spent the most money on a sports franchise in history beating out the Panthers sale.
The timeline that is more unpredictable is the search for a new GM/President. My guess is he will be having a ton of conversations over the next 6-8 weeks and it's 50/50 which happens first between him choosing that person and MLB voting.
General expectation from industry is Steve Cohen will be approved by other owners. However, this is not a 100 percent certainty, and it’s not likely that the votes are all counted. Last prospective owner to not be approved was Jeff Moorad with SDP.
Bold prediction: Cohen finds a way to get out of the Mets' contract with SNY the first chance he gets and only re-signs with SNY if the Wilpons sell him a majority stake.
Sounds like we will have to wait until after the World Series
The timing of the meeting likely has to do with everything else that needs to be on the agenda other than this.
I'd imagine these meetings typically go through annual revenue numbers, final ratings, offseason business, and things like that. That's likely why they do it a few weeks after the WS.
This year more than any other probably has some oddities to it due to everything related to C19. That could work for us if there's some reason why they need to have an official meeting earlier than usual or it could work against us if more important things push back usual business.
They want the record sale though so I don't think there's much that can derail this short of a Donald Sterling tape coming out.
The November meetings were canceled today. There are no scheduled meetings until December. This meeting would be a “special” meeting just for the vote.
Cohen getting SNY is sort of unimportant right now
“ The annual #MLB General Manager meetings, scheduled in November, have been cancelled. The Winter Meetings are tentatively still scheduled in December in Dallas, Texas.”
The November meetings were canceled today. There are no scheduled meetings until December. This meeting would be a “special” meeting just for the vote.
If it's a special meeting just for this that's even better and I trust Sherman's take that it will probably happen before November.
I'm sure MLB isn't eager to have a second free-spending team in New York, but at this point, I just want an upgrade to everything. The scouting, the farm system... and how about not turning everything Mets into Dodgers nostalgia? The Dodgers were in Brooklyn for 73 years, if you count the years they were in the American Assn. They've been in Los Angeles for 62 years. The Mets have existed for 58 years. They have their own identity. They're not the Dodgers of Fred Wilpon's childhood reborn. Geez, Fred, let it go. Nobody under the age of 70 cares anymore.
There's talk of renaming the Jackie Robinson Rotunda after Tom Seaver. Politically sensitive, but it should never have been named after a Dodger in the first place. Seaver works for me.
RE: It's been something like 30 years of these Wilpon schmucks.
I'm sure MLB isn't eager to have a second free-spending team in New York, but at this point, I just want an upgrade to everything. The scouting, the farm system... and how about not turning everything Mets into Dodgers nostalgia? The Dodgers were in Brooklyn for 73 years, if you count the years they were in the American Assn. They've been in Los Angeles for 62 years. The Mets have existed for 58 years. They have their own identity. They're not the Dodgers of Fred Wilpon's childhood reborn. Geez, Fred, let it go. Nobody under the age of 70 cares anymore.
There's talk of renaming the Jackie Robinson Rotunda after Tom Seaver. Politically sensitive, but it should never have been named after a Dodger in the first place. Seaver works for me.
I think the 42 makes a lot more sense at Barclays.
are not expected to be selling the Cyclones as part of this deal, Cohen would need to agree to a player development deal with the Wilpons (as the Cyclones owners), buy a new AA team or purchase the Cyclones outright.
I’ve heard from second hand sources that Cohen is a raging psycho
are not expected to be selling the Cyclones as part of this deal, Cohen would need to agree to a player development deal with the Wilpons (as the Cyclones owners), buy a new AA team or purchase the Cyclones outright.
Aren't the Cyclones the Rookie A ball team for the Mets? Why would they need to buy a new AA team.
My hope is once the deal is finalized and Cohen finally has the team, he does his thing and start figuring out ways to get rid of the Wilpons. Create his own sports network, buy whatever minor league teams he has to and figure out a way to develop the land around the stadium without Sterling Equities.
are not expected to be selling the Cyclones as part of this deal, Cohen would need to agree to a player development deal with the Wilpons (as the Cyclones owners), buy a new AA team or purchase the Cyclones outright.
Aren't the Cyclones the Rookie A ball team for the Mets? Why would they need to buy a new AA team.
My hope is once the deal is finalized and Cohen finally has the team, he does his thing and start figuring out ways to get rid of the Wilpons. Create his own sports network, buy whatever minor league teams he has to and figure out a way to develop the land around the stadium without Sterling Equities.
Cyclones are expected to become the Mets AA affiliate due to the elimination of 40-60 minor league teams.
assuming the Wilpons are keeping the Cyclones, he will either sign a player development deal with them, buy a different AA team (Cyclones ceasing to be a Mets affiliate, which I would be stunned to see) or he buys them outright (doesn't sound like they are for sale).
"Under the proposal, reported by Bill Madden of the Daily News, the Cyclones in their current iteration as a New York Penn League team would be eliminated, and they would become the Mets' Double-A affiliate, which currently plays in Binghamton.
According to Baseball America, the proposal would "completely reorganize" the full-season minor leagues, with the four highest levels -- Triple-A, Double-A, High-A, and Low-A, reworked to make those leagues "more geographically compac"
is obviously a very appealing place to have a team, even for non-NY teams. Hopefully, they work something out.
Sure, but why would Cohen want anything to do with the Wilpons.
If I were Cohen I'd reach out to the guy from BING who got contracted and re-open that franchise the first chance he gets as the AA team.
1) He's still going to be in business with them as they will own 5% of the team 2) They are developing the area around the stadium (he will also get a taste of that per reports) 3) The Cyclones due to location are one of the more valuable teams/markets in all of minor league baseball 4) Because of licenses, Cohen could not just "re-open" the Rumbleponies, he would need to purchase one of the existing Eastern League teams.
does it mean he has to be held hostage with the minor league team.
Can't an MLB owner decide where his affiliation should be?
Even the Mets under the Wilpons had 5 locations for AAA the past 20 years.
It seems like if Cohen wants to, he should be able to pick his own affiliation and IMO if that means ending Brooklyn and restarting BING it should be his call, not MLBs
does it mean he has to be held hostage with the minor league team.
Can't an MLB owner decide where his affiliation should be?
Even the Mets under the Wilpons had 5 locations for AAA the past 20 years.
It seems like if Cohen wants to, he should be able to pick his own affiliation and IMO if that means ending Brooklyn and restarting BING it should be his call, not MLBs
No. That's not his call. Each league has X licenses. He would need to purchase an existing license/team and then move that license to (in this case) Bing.
Charles Gasparino
@CGasparino
SCOOP: @AROD
- @JLo
- @marcericlore
bidding group for the @Mets
will be approaching the team's investment bankers with the following proposition: If Steve Cohen is rejected by owners, they will MATCH his offer without any renegotiation. They believe many owners are wary of Cohen
Charles Gasparino
@CGasparino
·
15m
More @Mets/Steve Cohen, I do hear that as of now he has the votes to be approved as @Mets
new owner. Once again he was NEVER charged with insider trading and he paid up for a team IN CASH that is in deep trouble. That will score points with owners when they meet in Nov
Alex Rodriguez had an ally in Jeff Wilpon until the very end. Jeff Wilpon desperately wanted the group led by A-Rod and Jennifer Lopez to take over because the couple, unlike Cohen, would have let him have an active role in the team. Right up until Monday evening, when Sterling Partners announced Cohen would purchase the Mets, Jeff Wilpon was the one propping up A-Rod in exchange for keeping a hand in operations. The Rodriguez-Lopez group simply did not have enough money to top Cohen.
It really is amazing - between keeping Jeff Wilpon on, his history of cheating, the amount of debt he'd need to take on, and lets be honest playing the race card and gender card that the J-Rod group could actually buy the team and not be celebrated as heroes by Mets fans. Thank god Saul Katz essentially told them eff you, and we can wake up from our old nightmare, and avoid a new one. Mets fans can happily shift attention from sluggish fight for playoffs to Steve Cohen’s future club - ( New Window )
don't see how I can remain interested in the Mets if Cohen isn't approved and JLO/A-Rod and Jeff Wilpon are running the show. Please, please please approve him!
have to believe even PJ (devil's advocate for A-Rod) has to agree it's best he didn't win after reading that... yikes.
My only point all along was Arod has to be better than Wilpon, it's not a secret that I like all Mets fans preferred Cohen by a long shot (like 99%/1%). If Arod was Wilpon 2.0 yeah we dodged a bullet.
have to believe even PJ (devil's advocate for A-Rod) has to agree it's best he didn't win after reading that... yikes.
My only point all along was Arod has to be better than Wilpon, it's not a secret that I like all Mets fans preferred Cohen by a long shot (like 99%/1%). If Arod was Wilpon 2.0 yeah we dodged a bullet.
Well, Jeff in an "active role" is terrifying to me and A-Rod willing to allow that says something about winning vs. simply owning. Jeff Wilpon is a disaster. In all their years owning the team I legit don't recall a single word of praise outside of a new FA saying thank you to the Wilpons etc
A-Rod a joke as usual with his "rigged" claim. The fact is that
Cohen can write a check for the whole thing. Alone. The so-called A-Rod bid had many moving parts and partners and was heavily dependent on bank financing. No sane group would approve that over Cohen.
was a desperate ploy by team Arod to get around the fact they have less money than Cohen.
I wouldn't be surprised if Jeff Wilpon is working to gin up support among owners to reject Cohen to keep a prominent spot for himself with the Mets in an Arod regime.
Luckily it sounds like the other owners also disliked Jeff.
Let’s start with what should be the main takeaway from this reporting: Most baseball executives surveyed believe that MLB owners will ultimately vote to approve Steve Cohen as principal owner and control person of the Mets.
But as SNY reported on Monday, after Cohen agreed to purchase 95 percent of the team from the Wilpon and Katz families, approval is not quite a foregone conclusion. The process could become a bit bumpy, even if it ultimately concludes the way that Cohen and the Mets hope.
Cohen needs the votes of 23 of the 29 other owners, likely in November.
According to multiple league executives with knowledge of the process, a group of owners is less than thrilled about Cohen. The New York Daily News named Chicago White Sox owner Jerry Reinsdorf as one of the anti-Cohen owners, and our sources are hearing the same (a White Sox spokesperson did not respond to a request for comment from Reinsdorf).
It’s not entirely clear what Reinsdorf's specific concerns are, but sources identified three main areas where potential issues could arise.
Cohen and the fund he once ran, SAC Capital Advisors, was investigated and fined for insider trading (Cohen himself was never charged). His current fund, Point72 Asset Management, has been accused of fostering a toxic work culture and one of unequal pay for women employees. Also, Cohen’s previous bid for the Mets last year ended up ruffling some feathers around the league.
“Some owners – he’s not their favorite guy,” said one source. Link - ( New Window )
with his leak that embarrassed Manfred a couple weeks ago. You see how enthusiastic Manfred's quotes have been re: Cohen the last few days? I don't think that guy wants any part of the Wilponzis bullshit any more.
Being opposed to Cohen is such a joke. I guarantee its for one reason only- he's scared of Cohen spending. How about he just stays focused on cheaply running his own sports franchises. Screw that guy.
Is there a more annoying human in sports than Jerry Reinsdorf
He killed the bulls dynasty because he refused to pay pippen, was allegedly behind the 94 strike, killed the padres purchasing deal, and generally manages his teams horribly.
vote COULD be held as soon as late next week depending on how the vetting goes. 10 day minimum vetting process. At least a "few" owners are expected to vote "no".
now I am nervous as hell about this vote. The Arod-Jlo groups apparent ability/willingness to match the valuation, and even more so Reinsdorf leading the charge against Cohen is leaving me with a very Mets fan like feeling...
I have a bad feeling something Mets-ish is going to happen.
the more time it takes for the vote the less likely I feel like it will go smoothly.
I can envision right now behind the scenes Jeff Wilpon is like a rat clinging to life - and making deals with all the owners he can to vote no. And Arod is promising to trade them prospects for pennies on the dollar (ok I made that last part up - but it could happen - in a Stephen King-like baseball horror movie)
I'm curious if the Mets have a formal agreement with SNY, because Cohen will hold a lot of leverage. If he threatens to pull Mets games from SNY, the network is worthless.
I'm curious if the Mets have a formal agreement with SNY, because Cohen will hold a lot of leverage. If he threatens to pull Mets games from SNY, the network is worthless.
The Mets have a formal contract with Sterling/Comcast/Charter. That contract is believed to expire after the 2030 season.
I'm curious if the Mets have a formal agreement with SNY, because Cohen will hold a lot of leverage. If he threatens to pull Mets games from SNY, the network is worthless.
They do - it runs thru 2030.
They piled a crapload of debt into SNY, so it’s worth a lot less than it aught to be. And the value will drop every year since the team can and will walk at the end. The Wilpons would be wise to just get out, but they’re not the sharpest tools. They’re just tools.
Charles Gasparino
@CGasparino
SCOOP: @AROD
- @JLo
- @marcericlore
bidding group for the @Mets
will be approaching the team's investment bankers with the following proposition: If Steve Cohen is rejected by owners, they will MATCH his offer without any renegotiation. They believe many owners are wary of Cohen
This worries me as there might be enough owners who will like that A-Rod wants a hard cap and will basically treat the Mets like a farm system for the rest of the league. Having a perennial doormat increases the likelihood of other teams making the playoffs and winning the World Series.
Shouldn't Arod's history with MLB be more of a red flag then Cohen's insider trading? If after all of this Cohen gets rejected for Arod and JLo I am done with the Mets.
good news - they aren't scheduling an early vote to deny Cohen
Sports Business Journal
@sbjsbd
Source: #MLB owners are expected to vote on approving Steve Cohen's #Mets purchase before their November meetings, per @timbhealey & @DPLennon of @Newsday. Cohen's bid is expected to be approved when the vote does happen.
And while there may be a few owners with shared DNA to Jeff who may be lured in by the celebrity and charisma of someone like A-Rod becoming an owner, most are all about the bottom line and do not want to deal with his BS. How many stupid headlines has he made during this process? They do not want that. Most importantly Manfred doesn't want that. He came out for the hard cap and then immediately walked it back because he rubbed the players the wrong way. The last thing they want ahead of a labor negotiation.
- some think he is a criminal and got one of his minions to take the fall - and it does appear that way
- he may be a big spender and a rebel in other areas- which is not wanted
- I think he would be the wealthiest owner but certainly teh richest not counting the baseball team
- he rubs people the wrong way
- people don't like or care about the wilpons they dont have allot of mlb juice
- that said a high price lifts all boats and he paid a high price
- if there really is a backup offer at the same price I would take 8-1 odds
and hasn’t gone away makes me believe that there’s a chance that the MLB owners won’t approve Cohen. Which I believe is 100% because he’s got a ton of money. It ain’t because of his shady past because I’m sure ALL the owners partake in some fuckery.
Mark my words...Arod will be WORSE than the Wilpons. And I’ll be officially done with the Mets if that happens. And baseball all together.
@NYPost_Mets
·
46s
Mets have released a comment from Steve Cohen: “I am excited to have reached an agreement with the Wilpon and Katz families to purchase the New York Mets,” said Mr. Cohen.
Not based on prior reports.
There is always that chance but I have not seen a single reputable writer suggest this has a real chance of falling apart at this point. Cohen is well known throughout baseball and was already putting his team together (LaRussa/Tellem) when the Dodgers deal didn't happen. It won't be unanimous but this is happening.
Getting the agreement this far in advance of the offseason means he will likely get to plan a way to have an impact financially. At minimum he will be able to negotiate extensions for players still in the org later in the winter - which is great. Conforto and Thor should get locked down.
My guess is he will want to hire some form of organizational leader who reports directly to him and that will be the single most important thing that happens next with this franchise. It may take time to get the right person or it may happen the day after his announcement is official, but as long as it's not BVW or Omar I'll be happy.
Getting the agreement this far in advance of the offseason means he will likely get to plan a way to have an impact financially. At minimum he will be able to negotiate extensions for players still in the org later in the winter - which is great. Conforto and Thor should get locked down.
My guess is he will want to hire some form of organizational leader who reports directly to him and that will be the single most important thing that happens next with this franchise. It may take time to get the right person or it may happen the day after his announcement is official, but as long as it's not BVW or Omar I'll be happy.
Yes and no. The vote has to be held before 10/31 or it's going to come in the off-season. No off field league business is held during the playoffs or world series. So hopefully it comes within the next 6 weeks (the Marlins vote came soon after). Otherwise, it will be by special vote post world series (November meetings have been canceled).
@SotoC803
·
4h
If it doesn't come by then.....
Then I do not see the approval coming until after the playoffs are over no later than 10/31.
November 1st and beyond feels like a REALLY long wait to finalize a sale that is seemingly going to be wrapped up today.
Nothing will officially happen before the approval vote but plenty will happen.
@NYPost_Mets
·
46s
Mets have released a comment from Steve Cohen: “I am excited to have reached an agreement with the Wilpon and Katz families to purchase the New York Mets,” said Mr. Cohen.
What a quote haha! But seriously, couldn't have asked for a better owner on paper. Deep deep pockets and a life long Mets fan.
Nothing will officially happen before the approval vote but plenty will happen.
November meetings were canceled so this will have to be a special vote. Hopefully sooner vs. later.
@SotoC803
·
4h
If it doesn't come by then.....
Then I do not see the approval coming until after the playoffs are over no later than 10/31.
November 1st and beyond feels like a REALLY long wait to finalize a sale that is seemingly going to be wrapped up today.
It's not that abnormal, the Royals new owners had to wait longer than that last year.
Honestly I doubt it. The other owners must be drooling at the prospect of $2.35 billion valuation for the Mets. That and he's a sole owner (not a conglomerate) that will be run the organization stably (i.e. no bickering amongst multiple owners).
Honestly I don't think the exact date matters because it will be close enough to the beginning of the offseason that if he wants to give Realmuto $100m+ he will be able do it. The guy literally just spent the most money on a sports franchise in history beating out the Panthers sale.
The timeline that is more unpredictable is the search for a new GM/President. My guess is he will be having a ton of conversations over the next 6-8 weeks and it's 50/50 which happens first between him choosing that person and MLB voting.
Cohen will buy that too soon enough.
Bold prediction: Cohen finds a way to get out of the Mets' contract with SNY the first chance he gets and only re-signs with SNY if the Wilpons sell him a majority stake.
The timing of the meeting likely has to do with everything else that needs to be on the agenda other than this.
I'd imagine these meetings typically go through annual revenue numbers, final ratings, offseason business, and things like that. That's likely why they do it a few weeks after the WS.
This year more than any other probably has some oddities to it due to everything related to C19. That could work for us if there's some reason why they need to have an official meeting earlier than usual or it could work against us if more important things push back usual business.
They want the record sale though so I don't think there's much that can derail this short of a Donald Sterling tape coming out.
b) he already spent $2b+ to buy the team. Whether or not they sell him SNY for another $2b+ isn't going to impact operating decisions.
If it's a special meeting just for this that's even better and I trust Sherman's take that it will probably happen before November.
There's talk of renaming the Jackie Robinson Rotunda after Tom Seaver. Politically sensitive, but it should never have been named after a Dodger in the first place. Seaver works for me.
There's talk of renaming the Jackie Robinson Rotunda after Tom Seaver. Politically sensitive, but it should never have been named after a Dodger in the first place. Seaver works for me.
I think the 42 makes a lot more sense at Barclays.
Aren't the Cyclones the Rookie A ball team for the Mets? Why would they need to buy a new AA team.
My hope is once the deal is finalized and Cohen finally has the team, he does his thing and start figuring out ways to get rid of the Wilpons. Create his own sports network, buy whatever minor league teams he has to and figure out a way to develop the land around the stadium without Sterling Equities.
Quote:
are not expected to be selling the Cyclones as part of this deal, Cohen would need to agree to a player development deal with the Wilpons (as the Cyclones owners), buy a new AA team or purchase the Cyclones outright.
Aren't the Cyclones the Rookie A ball team for the Mets? Why would they need to buy a new AA team.
My hope is once the deal is finalized and Cohen finally has the team, he does his thing and start figuring out ways to get rid of the Wilpons. Create his own sports network, buy whatever minor league teams he has to and figure out a way to develop the land around the stadium without Sterling Equities.
Cyclones are expected to become the Mets AA affiliate due to the elimination of 40-60 minor league teams.
"Under the proposal, reported by Bill Madden of the Daily News, the Cyclones in their current iteration as a New York Penn League team would be eliminated, and they would become the Mets' Double-A affiliate, which currently plays in Binghamton.
According to Baseball America, the proposal would "completely reorganize" the full-season minor leagues, with the four highest levels -- Triple-A, Double-A, High-A, and Low-A, reworked to make those leagues "more geographically compac"
Sure, but why would Cohen want anything to do with the Wilpons.
If I were Cohen I'd reach out to the guy from BING who got contracted and re-open that franchise the first chance he gets as the AA team.
Quote:
is obviously a very appealing place to have a team, even for non-NY teams. Hopefully, they work something out.
Sure, but why would Cohen want anything to do with the Wilpons.
If I were Cohen I'd reach out to the guy from BING who got contracted and re-open that franchise the first chance he gets as the AA team.
1) He's still going to be in business with them as they will own 5% of the team 2) They are developing the area around the stadium (he will also get a taste of that per reports) 3) The Cyclones due to location are one of the more valuable teams/markets in all of minor league baseball 4) Because of licenses, Cohen could not just "re-open" the Rumbleponies, he would need to purchase one of the existing Eastern League teams.
Can't an MLB owner decide where his affiliation should be?
Even the Mets under the Wilpons had 5 locations for AAA the past 20 years.
It seems like if Cohen wants to, he should be able to pick his own affiliation and IMO if that means ending Brooklyn and restarting BING it should be his call, not MLBs
Can't an MLB owner decide where his affiliation should be?
Even the Mets under the Wilpons had 5 locations for AAA the past 20 years.
It seems like if Cohen wants to, he should be able to pick his own affiliation and IMO if that means ending Brooklyn and restarting BING it should be his call, not MLBs
No. That's not his call. Each league has X licenses. He would need to purchase an existing license/team and then move that license to (in this case) Bing.
@BobbyValentine
·
1h
I am happy for the Wilpons. I am ecstatic for the Cohen family!! Let s go Mets.
@CGasparino
SCOOP: @AROD
- @JLo
- @marcericlore
bidding group for the @Mets
will be approaching the team's investment bankers with the following proposition: If Steve Cohen is rejected by owners, they will MATCH his offer without any renegotiation. They believe many owners are wary of Cohen
@CGasparino
·
15m
More @Mets/Steve Cohen, I do hear that as of now he has the votes to be approved as @Mets
new owner. Once again he was NEVER charged with insider trading and he paid up for a team IN CASH that is in deep trouble. That will score points with owners when they meet in Nov
It really is amazing - between keeping Jeff Wilpon on, his history of cheating, the amount of debt he'd need to take on, and lets be honest playing the race card and gender card that the J-Rod group could actually buy the team and not be celebrated as heroes by Mets fans. Thank god Saul Katz essentially told them eff you, and we can wake up from our old nightmare, and avoid a new one.
Mets fans can happily shift attention from sluggish fight for playoffs to Steve Cohen’s future club - ( New Window )
My only point all along was Arod has to be better than Wilpon, it's not a secret that I like all Mets fans preferred Cohen by a long shot (like 99%/1%). If Arod was Wilpon 2.0 yeah we dodged a bullet.
Quote:
have to believe even PJ (devil's advocate for A-Rod) has to agree it's best he didn't win after reading that... yikes.
My only point all along was Arod has to be better than Wilpon, it's not a secret that I like all Mets fans preferred Cohen by a long shot (like 99%/1%). If Arod was Wilpon 2.0 yeah we dodged a bullet.
Well, Jeff in an "active role" is terrifying to me and A-Rod willing to allow that says something about winning vs. simply owning. Jeff Wilpon is a disaster. In all their years owning the team I legit don't recall a single word of praise outside of a new FA saying thank you to the Wilpons etc
I wouldn't be surprised if Jeff Wilpon is working to gin up support among owners to reject Cohen to keep a prominent spot for himself with the Mets in an Arod regime.
Luckily it sounds like the other owners also disliked Jeff.
But as SNY reported on Monday, after Cohen agreed to purchase 95 percent of the team from the Wilpon and Katz families, approval is not quite a foregone conclusion. The process could become a bit bumpy, even if it ultimately concludes the way that Cohen and the Mets hope.
Cohen needs the votes of 23 of the 29 other owners, likely in November.
According to multiple league executives with knowledge of the process, a group of owners is less than thrilled about Cohen. The New York Daily News named Chicago White Sox owner Jerry Reinsdorf as one of the anti-Cohen owners, and our sources are hearing the same (a White Sox spokesperson did not respond to a request for comment from Reinsdorf).
It’s not entirely clear what Reinsdorf's specific concerns are, but sources identified three main areas where potential issues could arise.
Cohen and the fund he once ran, SAC Capital Advisors, was investigated and fined for insider trading (Cohen himself was never charged). His current fund, Point72 Asset Management, has been accused of fostering a toxic work culture and one of unequal pay for women employees. Also, Cohen’s previous bid for the Mets last year ended up ruffling some feathers around the league.
“Some owners – he’s not their favorite guy,” said one source.
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the more time it takes for the vote the less likely I feel like it will go smoothly.
I can envision right now behind the scenes Jeff Wilpon is like a rat clinging to life - and making deals with all the owners he can to vote no. And Arod is promising to trade them prospects for pennies on the dollar (ok I made that last part up - but it could happen - in a Stephen King-like baseball horror movie)
Reinsdorf is a powerful owner but I don't see how this gets voted down. Sure hope I am right.
I'm curious if the Mets have a formal agreement with SNY, because Cohen will hold a lot of leverage. If he threatens to pull Mets games from SNY, the network is worthless.
Quote:
will retain SNY.
I'm curious if the Mets have a formal agreement with SNY, because Cohen will hold a lot of leverage. If he threatens to pull Mets games from SNY, the network is worthless.
The Mets have a formal contract with Sterling/Comcast/Charter. That contract is believed to expire after the 2030 season.
Quote:
will retain SNY.
I'm curious if the Mets have a formal agreement with SNY, because Cohen will hold a lot of leverage. If he threatens to pull Mets games from SNY, the network is worthless.
They do - it runs thru 2030.
They piled a crapload of debt into SNY, so it’s worth a lot less than it aught to be. And the value will drop every year since the team can and will walk at the end. The Wilpons would be wise to just get out, but they’re not the sharpest tools. They’re just tools.
@CGasparino
SCOOP: @AROD
- @JLo
- @marcericlore
bidding group for the @Mets
will be approaching the team's investment bankers with the following proposition: If Steve Cohen is rejected by owners, they will MATCH his offer without any renegotiation. They believe many owners are wary of Cohen
This worries me as there might be enough owners who will like that A-Rod wants a hard cap and will basically treat the Mets like a farm system for the rest of the league. Having a perennial doormat increases the likelihood of other teams making the playoffs and winning the World Series.
@sbjsbd
Source: #MLB owners are expected to vote on approving Steve Cohen's #Mets purchase before their November meetings, per @timbhealey & @DPLennon of @Newsday. Cohen's bid is expected to be approved when the vote does happen.
And while there may be a few owners with shared DNA to Jeff who may be lured in by the celebrity and charisma of someone like A-Rod becoming an owner, most are all about the bottom line and do not want to deal with his BS. How many stupid headlines has he made during this process? They do not want that. Most importantly Manfred doesn't want that. He came out for the hard cap and then immediately walked it back because he rubbed the players the wrong way. The last thing they want ahead of a labor negotiation.
- he may be a big spender and a rebel in other areas- which is not wanted
- I think he would be the wealthiest owner but certainly teh richest not counting the baseball team
- he rubs people the wrong way
- people don't like or care about the wilpons they dont have allot of mlb juice
- that said a high price lifts all boats and he paid a high price
- if there really is a backup offer at the same price I would take 8-1 odds
Mark my words...Arod will be WORSE than the Wilpons. And I’ll be officially done with the Mets if that happens. And baseball all together.