//MLB Owners Approve Mets Sale to Steve Cohen

MLB Owners Approve Mets Sale to Steve Cohen

Cohen and the Sterling Partners signed an agreement in September for him to purchase the Mets.

MLB owners approved the sale of the Mets to billionaire hedge fund manager Steve Cohen, the league announced on Friday.

The New York Post reports that Cohen received the necessary 75% of the vote needed to complete the sale and become the club’s majority owner. The transaction also required approval from New York City Mayor Bill de Blasio, who had the final say because Citi Field sits on city property. On Friday afternoon, de Blasio tweeted that the New York City Law Department completed its review of the proposed sale.

“New York City has no objections and the Mets can now proceed with the transaction,” he said.

The Wilpon and Katz families will retain 5% of the Mets after the sale, which is expected to close within the next 10 days.

“I extend my best wishes to Fred Wilpon, Saul Katz