According to the New York Post, ‘Controversial hedge-fund titan’ Steve Cohen is the frontrunner to buy a minority stake in the Mets.
The report indicates a deal is close, as the two sides were set to meet last night in Greenwich, Conn, but also writes the following:
The investor’s $12 billion SAC Capital hedge fund operation said in a letter to investors last November that it had received an “extraordinarily broad” subpoena from federal prosecutors probing insider trading on Wall Street. In a Dec. 31 letter, the Post has reported, Cohen promised those investors that he would pick up the tab for SAC’s costs in cooperating with the feds. SAC has not been charged or named in any action.”
Nevertheless, “Cohen wants it,” a source familiar with his thinking told the Post. “What he wants he gets.”
Well, then I hope he wants Jose Reyes, Albert Pujols and a championship as well…
Anyway, the buzz all over New York media is that the Mets will announce a partner at some point in the next few weeks. Clearly, there is a short list, likely three investment groups, and, from what I can gather, each want different things and are willing to buy in with different stakes. So, while I’m sure there is a front runner, I’d rather just sit tight, watch baseball and wait to hear what happens when actual, real news occurs. My only hope is that this doesn’t drag out and the team gets an influx of cash, and energy, before the Trade Deadline so it can re-evaluate and create a solid plan for the future.
MetsBlog Talk Radio debuted tonight, live at 6 pm EDT.
To listen to a re-broadcast of the show, click here, or click play in the audio player in the site’s sidebar, starting at roughly 8 pm EDT.
To subscribe and download this show as a podcast, click here.
Tonight’s guest included Gary Cohen from SportsNet NY, Buster Olney from ESPN.com, MetsBlog’s Mike Nichols, and Brian Moritz from the Press & Sun Bulletin, as well as as several listeners who were kind enough to call in.
In a surprising move, SportsNet NY will name Gary Cohen to be the TV voice of the Mets, reports Andrew Marchand of the New York Post. A news teleconference is set for 11:30 a.m. to make it official.
…wow…just wow…of course other names have been thrown around for a while including Dave O’Brien and Keith Hernandez among others considered….Cohen was in that mix too, but I never figured that WFAN’s great radio team would be split up….
…cant help but say I’m a little disapointed, he was so great on the radio…but look on the bright side: maybe this means no room for Fran Healy…we can only hope…
…i guess this is what a writer gets for burning the midnight oil…(yawn)…much more on this later I’m sure….