New York Mets: Steve Cohen Now Owns The Franchise

New Yor k Mets, Dominic Smith

After months and months of New York Mets fans begging for our misery to end, it has finally happened. Steve Cohen is now the owner of the franchise and is officially the richest owner in the sport. Major League Baseball’s owner approved the deal around 1:45 p.m. on Friday, and shortly after, Mayor Bill de Blasio announced the city approves as well.

With Steve Cohen as the franchise owner, the Mets enter a future they have never been in before. They are no longer playing as a “small market” team. Cohen’s Mets are the big fish in a current market where no one is looking to spend. The Mets will be in on every free agent, and no price will be too step for them.

Political Game

Of course, de Blasio had to get some money out of Cohen so he can try to look good. Cohen plans to donate $17.5 million to small businesses in the city and “dramatically increase the giving of the Mets Foundation in the coming years.” He will also return Mets workers to their salaries before the pandemic.

Cohen is a longtime Mets fan who is partnering with Sandy Alderson to bring the franchise back to glory. The big questions that lie ahead come with the future of Brodie Van Wagenen, Luis Rojas, and who is the first big free agent the Mets will bring in.

Buckle up because it is going to be an exciting and wild offseason for the Mets.

New York Mets: Good Morning, It is Steve Cohen Day

New York Mets

The day New York Mets fans have longed for is finally here. At 1:30 p.m. ET, Major League Baseball’s owners will vote whether to approve or deny Steve Cohen’s bid to purchase the Wilpon/Katz group’s franchise. There has been plenty of noise in the last week, but everything is scheduled to go as planned for Cohen.

As reported, Cohen is expected to receive the votes needed for approval. It should come in the 27-29 “yes” range, with White Sox owner Jerry Reinsdorf as the only confirmed no. Of course, Reinsdorf has close ties with Alex Rodriguez but will not convince enough owners to vote against Cohen. Reinsdorf cannot even keep the people in his organization happy (hiring Tony LaRussa), so working in collusion with other current owners is a major long shot.

Of course, Mayor Bill de Blasio had to throw his name in the mix to block the sale, but there is nothing he can do. Once Cohen gets approval, he owns the team at the 95% stake he agreed to. de Blasio comes in because the land Citi Field sits on belongs to the city. Since Cohen has no crimes to his name, he likely is hoping the owners vote against Cohen to get A-Rod back in the mix as well.

Stay Calm, Do Not Panic

Mets fans have learned not to take anything for granted and assume nothing. Despite the worries, all key sources say Cohen will get ownership of the team, and de Blasio is all talk. The Mayor cannot afford to get under the skin of any more people in his city. The vote should go as smoothly as planned since MLB desperately needs an owner who can spend plenty of money like Cohen.

As we inch closer to finding out the news on approval, there is nothing to do but check Twitter constantly and watch the hours tick away. Either way, we are in one of the most important days in the history of the New York Mets franchise, and Christmas might be coming early this year.

New York Mets: de Blasio’s Spokesperson Contradicts NY Post’s Report

Simeon Woods-Richardson

On Wednesday night, the New York Post added some unneeded worry to New York Mets fans regarding Steve Cohen’s ownership future. The Post reported that Mayor Bill de Blasio told MLB commissioner Rob Manfred that he would do everything he can to kill the sale. The Mayor’s spoke person, Bill Neidhardt, came out shortly after the story broke and said no such story is true.

Neidhardt did not confirm what de Blasio said to Manfred, but it is a big story that he quickly falsified the story. In past stories, we have talked about the untrustworthy reporting of the NY Post and Andy Martino. Both of them were right in the middle of the story and proved how untrustworthy they are again.

Click Bait?

The article also had characteristics of one that just wanted views. Throughout the article, there are unsubstantiated sources, and it all leads to the final line in the article saying, “But he has no real standing, and Cohen will sue him. And Cohen will win.” It was another example of poor journalism from the Post.

Since the news broke about the de Blasio hurdle, it was clear that he had no legal standing to block the deal. It became a story that is likely due to the political game where de Blasio is trying to get extra incentives from Cohen. The Mayor would lose every single lawsuit if he halted the deal without any criminal charges. de Blasio’s dying political career would officially come to an end if he ended the Cohen deal as well. Not to mention, it is another example of Alex Rodriguez’s cronies doing his dirty work for him.

Mets fans, try to hold off the stress. The owner’s vote is coming on Friday; Cohen will be approved and will get the team. Follow Laura Goldman and Joe Pantorno on Twitter for the best coverage, and whatever you do, do not trust the Post or Martino.

New York Mets: Cohen Has Votes in Place For Ownership Approval

New York Mets

Steve Cohen’s quest to own the New York Mets is reaching the finish line. The 14 billion dollar man should receive at least 23 of 29 votes from the owners to gain the franchise’s full ownership. Of course, Mayor Bill de Blasio’s office is the final hurdle, but de Blasio does not see it from stopping Cohen from disposing of the Wilpon family.

There is also confirmation from inside sources working for the Mets. During an employee zoom call today, Jeff Wilpon said good-bye to everyone for good. Despite sources against Cohen making it seem like de Blasio will stop the sale, no such dream for them exists.

Vote, Vote, Vote

The only guaranteed vote against Cohen will come from Chicago White Sox owner Jerry Reinsdorf. He voted against Cohen in 2012 and this year as a member of the MLB ownership committee. Reinsdorf is a good friend of Alex Rodriguez and may bring 3-4 owners to vote against Cohen, but it will not be enough to stop the inevitable.

For those who dislike the way Alex Rodriguez and Jennifer Lopez handled their loss to Cohen, they get the last laugh too. If the couple was the group the owners voted on, they would not get the votes needed for approval. It is no surprise that A-Rod would get this treatment considering his controversial career and the number of enemies he created over 25+ years.

As the week begins, we are in the final turn of the final lap of this long, strenuous race to rid the Mets of the Wilpon family. If all moves as expected, the words “Steve Cohen owns the Mets” can be tweeted by the end of the week.

 

New York Mets Opinion: Alex Rodriguez and Jennifer Lopez Need To Quit

As each day marches forward towards the end of the season, we get closer to the New York Mets being handed off to Steve Cohen. Unfortunately, Alex Rodriguez and Jennifer Lopez see that differently and attempt to brainwash people into thinking the same way. Despite it being a 99% chance for Cohen to own the team, they continue to hang on to the 1% of hope, and they are making a circus out of it.

The Wilpon’s personal reporter, Andy Martino, dropped a new report that Mayor Bill de Blasio could stop the sale. Martino’s reporting is the baseball world’s equivalent of Rudy Giuliani leaks to the NY Post. It is not just the de Blasio report that is continuing the Cohen slander. ESPN’s First Take made it a topic of discussion that Lopez should be the owner because she is a woman and minority.

Alex Rodriguez is employed by ESPN and has made plenty of friends with the higher-ups of the network. It became another play by Rodriguez to have this topic discussed on the channel’s most-watched show so it could become a trending topic on social media. Using the media and other people is exactly how this process has gone since Rodriguez lost the team.

Nothing But Talk

This is the “sore loser” game Rodriguez loves to play when his back is up against the wall, but it does not stop there. White Sox owner Jerry Reinsdorf is Rodriguez’s mentor and also joined A-Rod in his quest to stop Cohen. In 2013, the two coupled to work with Bud Selig to reduce Rodriguez’s record 211 game suspension. Reinsdorf and A-Rod were in cahoots again as the White Sox owner was the one person in the ownership committee who voted against Cohen’s bid on the ownership committee. Reinsdorf also successfully lobbied against Cohen’s run to buy the Dodgers in 2012, but no such miracle is in place to stop Cohen now.

Rodriguez continued his imaginary promises to Mets fans when he stated that he would raise the Mets payroll to $225 million if he became the team’s owner. The statement in itself is laughable, and it does not take a brilliant accountant to understand making that happen under A-Rod’s ownership would be impossible. The reason Cohen is getting the team is because of the enormous amount of money he brings to the table.

At the moment, Cohen would absorb the debt left by the Wilpons and still have plenty left over to continue to improve the franchise. On the other hand, Rodriguez’s net worth ($350 million) is equal to the amount the debt the Mets are in. The money would have to come from other investors instead of A-Rod himself.

Why Cohen Gets the Team

People outside the situation still do not understand who Steve Cohen really is. Whether people like him or not, there is no denying that he is a brilliant businessman. Cohen shows his strategic abilities to escape trouble by avoiding any financial criminal charges while making his fortune. His hedge fund was the focal point of a prior investigation. The advisors plead guilty, but Cohen got nothing despite being the heart of S.A.C. Capital.

A prime example of this “4D Chess” game that Cohen has mastered shows his decision to pay the Mets seasonal employees during the offseason. The $2,500 committed money to each of the 1,140 workers is a move Rodriguez cannot make. This was announced way before the de Blasio news broke, which is why paying the workers came first.

Should de Blasio halt the deal he is making a statement against Cohen, the workers, and the unions representing them. The mayor is disliked in his state by teachers and law enforcement unions due to prior mistakes. Should he want any future political career in NY or even the country he cannot afford more enemies.

Cohen also did the same by hiring Sandy Alderson to a key position in his front office. Alderson is widely respected throughout baseball and shows his commitment to bettering the franchise. This is a classic case of someone playing chess while the opponent is playing checkers. Cohen has everything to become the owner despite any distractions his opponent tries to put out. The final vote for Cohen could come as soon as the first week of November. Should this be an action movie, Cohen is standing over A-Rod while he tries to hang on to the ledge by his fingernails with Lopez dangling from his ankle.

 

New York Mets: First Day of Bidding, Cohen Out in Front

The highly anticipated first day of bidding to own the New York Mets came with plenty of excitement. At least five potential owners submitted bids to own the franchise valued at $2.4 billion.

The name most Mets fans want to hear is Steve Cohen. He is the bidder with the most money at his disposal and submitted a monster bid. Cohen not only offered $2 billion for the Mets but added another $2 billion on top to buy out SNY from the Wilpons.

He has made it clear that he does not want the Wilpon’s to have any power that he cannot control. The Wilpons always hoped to keep SNY separate, but every man has a price. Cohen puts himself at the top of all the bidders with his enormous offer.

What About A-Rod?

The rest of the bidders have not offered any price as high as Cohen’s. Alex Rodriguez and Jennifer Lopez led group put together an offer of $1.7 billion. It does exclude SNY from the deal, which would make them the front runners if the Wilpons stay strict on their pursuit to keep SNY.

David Blitzer and Josh Harris, owners of the New Jersey Devils and Philadelphia 76ers, also submitted a bid. The details are still unknown, but it falls under the “underwhelming” category, along with A-Rod/J-Lo.

The rest of the bidders are simply speculation as of Friday. Simon and David Reuben, billionaires from the U.K., also have an interest in owning the Mets. Their interest has grown over the last couple of months, but they have a net worth higher than Steve Cohen’s.

More details should emerge over the weekend. One thing for sure is that Steve Cohen is not going to lose this battle without a long, expensive fight.

New York Mets: A-Rod, J.Lo Make Moves to Propose a Big For the Mets

New York Yankees, Alex Rodriguez

Once a dream and an overlooked rumor, Alex Rodriguez is now seriously considering purchasing the New York Mets. He is not doing this alone as singer/fiancee Jennifer Lopez is helping the cause as well. Both are taking the steps together to make a run at owning the franchise.

This is another chapter in A-Rod’s story to give himself a shot at making the hall of fame. A career marked by his drama and PED filled legacy is trying to revive itself like the Undertaker sitting up out of his casket. His post-retirement life is filled with his analyst roles, Tik Tok videos, and is known as “J-Lo’s boyfriend.”

How Did We Get to this Point?

The group Rodriguez will bid with is still in the works but retained JPMorgan Chase to create a group potentially. Though the two are wealthy, the $2.6 billion asking price is out of their range. Chase also had a history as the former bank partner of the Mets.

The likelihood of the Wilpon’s selling to an A-Rod led group is unlikely to happen due to multiple factors. The Mets are expensive, Coronavirus is killing the economy, and despite the renaissance story, he still has a damaged reputation.

What comes with the market falling will be the diminishing value of the franchise. If the right combination of variables falls in place, then this becomes a possibility. If A-Rod can act quickly, he can swoop in before things bounce back to normal. For now, it still looks like the Wilpon’s will keep the team for the distant future.