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The hedge fund honcho’s net worth is estimated at $14.6 billion, easily topping the next person on the list, Washington Nationals owners Ted Lerner, at $4.8 billion; at least 23 other MLB owners must approve the deal.
While financial details have not been disclosed, it is believed that Cohen is offering approximately $2.5 billion for control of the Mets – the same amount he proposed earlier this year. That deal fell apart when current Mets owner Fred Wilpon reportedly tried to retain some control of their regional sports network SNY.
Bloomberg News, citing an unnamed source, reported the deal's value would be a baseball record of $2.6 billion.
Cohen will serve as president and CEO at the Stamford company while a search for Doug Haynes’ replacement is undertaken.