By Samantha Uebel, Staff Writer
Major League Baseball has approved Hedge fund mogul Steve Cohen as the new owner of the New York Mets. Cohen now owns 95 percent of the team, purchased from the Mets’ previous owners, the Wilpon and Katz families.
Cohen, who previously held a minority share of the team, released a statement thanking the league and other executives for allowing him to take this step forward into the Mets’ front office.“I am humbled that MLB’s owners have approved me to be the next owner of the New York Mets. Owning a team is a great privilege and an awesome responsibility,” he said. “I would like to thank the owners and Commissioner Manfred and his team for welcoming me to Major League Baseball.”
Recent Post alumni, Ryan Kraut, has been a lifelong super fan of the Mets. He says he’s been waiting for a change like this for a very long time.
“ It’s going to be so nice to have an owner that not only will properly run the team but will spend money to improve it,”Kraut said. “It is finally a new era in Mets history, and I couldn’t be more excited. I never thought this day would come.” Kraut is excited to see what kind of talent Cohen will bring to the organization. “Steve Cohen has more money than the next three richest owners COMBINED, and I can’t wait for the spending spree to start,” he said.
Previously, the Wilpon and Kratz families were dubbed “The coupons” by fans after continually underspending for a major market franchise. Both families struggled financially after being linked to the Bernie Madoff scandal in 2008.
Sophomore broadcasting major Ryan Boettcher agrees with Kraut that this switch in ownership will be great for the team.
“To see a switch in ownership from a group of owners who seemed to take the easy way out of things, to see an already interactive understanding owner in Cohen is great. It seems he’s truly invested into the Mets for the love of the game and not for personal gain,” Boettcher said. “I also love to see how interactive he is with the fans and his players with his funny one-liners and important team press conferences. Overall, Cohen seems like a breath of fresh air and a step in the right direction for the Mets.”
Cohen has purchased the team for $2.4 billion. He has also said he will donate $17.5 million to New York small businesses and increase the Mets Foundation’s donations in the coming years. Cohen also has plans to reinstate pre-pandemic salaries for New York Mets employees.