not sure if I read this correctly of if this is a good source:
Joe DeMayo
@PSLToFlushing
·
3m
Scott and
@Sportico
have been on top of this sale.
Per Scott, Steve Cohen’s bid was approved by the MLB owners committee.
Next is review by the Commissioner’s Executive Council. That should take place shortly after the World Series
We’re getting there ..
When do you have to use the pool by?
Quote:
has mentioned 4 names as potential GM. Yet to see anyone suggest Brodie has any chance of returning as GM. Mets oddly sitting out ALL of the IFA market this off-season. You lose your IFA pool if you don't use it so unless they suddenly land Cespedes brother (tied to the White Sox) or Oscar Colas this seemingly is one final parting "gift" from the Wilpons.
When do you have to use the pool by?
They have until 12/2021, however they are not connected to ANY of the top 50 IFA's, forget "premium" names, names outside the top 50 are small bonus guys. To spend 5.3 million on guys like that is close to impossible.
@Joelsherman1
·
1m
As Sportico 1st reported, MLB’s Ownership Committee has approved Steve Cohen to be the #Mets owner. Heard the vote was 7-1 in favor. Next to the 8-owner Executive Committee, then the full ownership group where he needs 23 votes. But this was a huge hurdle and Cohen cleared it.
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@Joelsherman1
·
1m
As Sportico 1st reported, MLB’s Ownership Committee has approved Steve Cohen to be the #Mets owner. Heard the vote was 7-1 in favor. Next to the 8-owner Executive Committee, then the full ownership group where he needs 23 votes. But this was a huge hurdle and Cohen cleared it.
Vote wasn't unanimous. Things are looking good, but I won't be comfortable until he gets the full 23 votes.
Quote:
Joel Sherman
@Joelsherman1
·
1m
As Sportico 1st reported, MLB’s Ownership Committee has approved Steve Cohen to be the #Mets owner. Heard the vote was 7-1 in favor. Next to the 8-owner Executive Committee, then the full ownership group where he needs 23 votes. But this was a huge hurdle and Cohen cleared it.
Vote wasn't unanimous. Things are looking good, but I won't be comfortable until he gets the full 23 votes.
Presumably, that was Jerry Reinsdorf which we "knew" to be a no vote all along
IMO, that’s a mistake. You don’t have to sign the biggest names. But you gotta spend
He's close with A-Rod for one thing but he's also always been staunchy against free spending and spending on the draft. There could be a personal aspect we are unaware of but that's never really been touched on.
IMO, that’s a mistake. You don’t have to sign the biggest names. But you gotta spend
IFA money (when traded) doesn't generally bring back much. 243,000 in IFA money for example brought back Jarrod Dyson who was hitting a robust .157 at the time of the trade. Not really sure what the Mets are thinking here. Even in past seasons when they didn't chase the "top" guys they still were in on top 20-25 names. Outside the 50 are truly "meh" "who knows?" and low bonus names.
They really only need 22 votes (Fred gets to vote). The only way this doesn't go through is if something pops up between now and the vote that was unknown. It's the Mets so assume the worst but I'd be stunned.
@BNightengale
Mets sale: New York Mayor Bill de Blasio a hurdle for Steve Cohen
Not to get political, but this guy is one of the most loathsome douche bags on the planet.
notable quotes:
Cohen was never charged with a crime, but in 2013 his former hedge-fund company, S.A.C. Capital Investors, pleaded guilty to securities fraud and wire fraud. The company agreed to pay $1.8 billion in fines in one of the largest criminal cases against a hedge fund. Cohen, in a civil suit with the U.S. Securities and Exchange Commission, was prohibited from managing outside money for two years.
In the stadium lease agreement, Cohen is technically classified as a “prohibited person,’’ which the agreement defines as “any person that has been convicted in a criminal proceeding for a felony or any crime involving moral turpitude.’’...
Not sure I understand. It says he was never even charged with a crime, so how can he be "any person that has been convicted in a criminal proceeding for a felony or any crime involving moral turpitude"
Sounds like someone wants a kickback.
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