Billionaire Fund Manager Cohen Bids for Mets Stake, WSJ Says

U.S. hedge fund billionaire Steve Cohen is bidding for a minority stake in the New York Mets baseball team, the Wall Street Journal reported, citing people familiar with the matter.

Cohen, a long-time Mets fan, is worth $7.3 billion, according to Forbes magazine, and through his SAC Capital Advisors LLC manages about $12 billion in assets; the Mets are tring to raise $200 million to pay down debt and cover losses, the newspaper said.

Click here for web link

To contact the editor responsible for this story: Chris Peterson at cpeterson@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.