Mets sale: Steve Cohen makes astonishing $2 billion bid; A-Rod, Lopez still in the fray

MLB franchise New York Mets are looking for potential buyers since Wilpons anunced y were selling team in December 2019. first round of Mets bid is in, and billionaire hedge fund manr Steve Cohen has reportedly submitted an offer to buy Mets for $2 billion. Steve Cohen Mets bid comes in after his previous $2.6 billion takeover fell through in 11th hour, due to a five-year window of ownership. Steve Cohen Mets bid could make Mets sale most expensive in MLB history. 

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New York Mets sale: Steve Cohen makes astonishing $2billion Mets bid 

According to reports by Charles Gaspari, Wall Street mogul Steve Cohen has registered a massive $2 billion bid plus an ditional $2 billion for SportsNet New York (SNY) as  Mets own a 65 percent controlling interest in SNY. Jon Heyman h reported earlier that first-round bids for Mets sale were likely to be accepted by Wilpons, and Steve Cohen was amongst handful bidders interested. Ors include Josh Harris and David Blitzer, Alex Rodríguez and Jennifer Lopez, and Reuben brors.

Steve Cohen Mets bid comes in after 64-year-old saw his protracted takeover fall through with Wilpons trying to change terms last minute. According to NBC Sports,  Fred Wilpon bought a 50 percent stake in New York Mets for $81 million in 1980 and bought or half in 2002 for $391 million. While first-round bids for Mets sale are n-binding, Steve Cohen Mets bid suggests that Mets owners are likely to collect a windfall. 

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New York Mets sale: Steve Cohen Net Worth

Steve Cohen net worth is an astonishing $14 billion according to Forbes' real-time net worth metric. 64-year-old mans Point72 Asset Manment, a $16 billion hedge fund firm that started managing outside capital in 2018. Steve Cohen net worth marks him 77th on Forbes list of billionaires. Cohen was forced to shut down his previous hedge fund SAC Capital after firm pleed guilty to insider tring charges that cost him $1.8 billion in penalties. magazine reports that Cohen has given $715 million to philanthropic causes over his lifetime, including causes related to veterans and children's health.

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New York Mets sale: J Lo and Alex Rodriguez still in hunt despite Steve Cohen Mets bid 

According to New York Post, Jennifer Lopez and Alex Rodriguez have necessary funding and can outmatch Steve Cohen Mets bid. A-Rod's bidding group h reportedly offered $1.7 billion for Mets. $1.7 billion bid by J Lo and Alex Rodriguez was in range of what Philelphia 76ers and New Jersey Devils owners Josh Harris and David Blitzer offered, according to reports. Steve Cohen Mets bid has to be $250 million more than his next bidder to buy Mets after his previous unsuccessful attempt. New York Post furr reports that Wilpon prefers selling Mets to A-Rod rar than Cohen, and will consider ir bid if it is anywhere close to best bid at end of auction. 

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(Im Credit: Point72careers, Alex Rodriguez Instagram)