ARLINGTON, Texas (AP) — Major League Baseball owners will vote Friday to approve the sale of the New York Mets to billionaire hedge fund manager Steve Cohen, according to a person familiar with the situation.
The person spoke to The Associated Press on condition of anonymity Tuesday night because details of the ongoing process had not been announced.
The proposed purchase of 95% of the Mets by an entity of Cohen was already approved by MLB’s ownership committee. Cohen needs approval from 23 of the 30 club owners for the deal to be finalized. The sale values the franchise at $2.4 billion to $2.5 billion.
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