Deals
NY Mets Said to Be for Sale With No Preconditions on Control
- Allen & Co. will begin new sales process for Mets immediately
- Deal with billionaire Steve Cohen died over issue of control
Photographer: Al Bello/Getty Images
The proposed sale of the New York Mets to billionaire hedge fund titan Steve Cohen was scuttled by disagreement over a clause that would have allowed the current owners to control the franchise for five years after the deal had closed.
That probably won’t happen again.