Mets sale fail could lead to MLB blocking Steve Cohen's future bids

It turns out that billionaire hedge fund manr Steve Cohen will t buy New York Mets despite coming agonisingly close with a $2.6 billion bid. According to reports, Steve Cohen tried to alter terms of agreement with Wilpons ( current owners of Mets). Steve Cohen’s $2.6 billion bid would have netted him an 80% stake in Mets. Cohen was reportedly unhappy with fact that even if he was principal owner of Mets, Fred Wilpon would remain as organization's control person for five years according to agreed deal. Recent reports w indicate that MLB could block any future bids from billionaire hedge fund manr after failed Mets sale.

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Mets sale: Steve Cohen’s $2.6 billion bid kcked down by Mets owner Fred Wilpon, MLB to block future bids

According to reporters Josh Kosman and Thornton McEnery, both Mets and MLB have been left with a bitter taste in ir mouths following Steve Cohen’s takeover bid. Mets and MLB reportedly believe that Steve Cohen acted in “b faith” after he attempted to alter terms of takeover agreement agreed with Mets several months ago. re is w a belief in MLB that teams are w highly reluctant to deal with any future bids from billionaire hedge fund manr.

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primary concern resting with Steve Cohen was role of ‘Control Person’ at club, following w-de-in--water Mets sale. According to constitution of MLB, every MLB club is required to have a 'Control Person' who is held accountable for operation of franchise and its compliance with rules and regulations of MLB. While Cohen himself wanted to be 'Control Person' at Mets, fact that Mets owner Fred Wilpon would be in charge for five years despite Cohen owning a majority of team’s equity did t go down too well with controversial hedge fund manr.

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