Rounding third and heading for home – New York billionaire, Steve Cohen finalizes an agreement with the Wilpon and Katz families (Sterling Partners) to acquire the New York Mets of the National League for a record $2.475 billion, which is a record for a North American sports team.

“I am excited to have reached an agreement with the Wilpon and Katz families to purchase the New York Mets,” Cohen said in a statement.

Now to complete this transaction, Cohen now awaits the approval of the other 29 major league owners to decide whether or not Steve Cohen becomes the next owner of the Mets.

Edging out other interested parties in Joshua Harris and Alex Rodriguez, Cohen had originally agreed to purchase the Mets in late 2019 agreeing to pay $2.6 billion for 80% of the team while current COO, Jeff Wilpon would have remained the control person for five more years. It is not yet known if the parties have agreed on a deal regarding the regional sports network, SportsNet New York (SNY) with the Wilpons previously not interested in including the network in any deal relating to the team.

As we await further information, this is an exciting day for Mets fans and the business of sports together, with fans eagerly awaiting the endless possibilities that come with having the Richest Owner in Major League Baseball and the number one media market.