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Steve Cohen thought his $2.6 billion deal to buy the Mets in installments over five years would give him some control that would grow over that time to help make team decisions during the transition. The Mets owners disagreed and a deal, for now, is off, sources said.
This could be the latest in a string of deals in which the Wilpon family bought and sold Mets stakes that have ended in contentious fashion.
The implosion in talks was sparked by disagreement over the opaque five-year window in which Cohen was set to take gradual control of the team from the controlling Wilpon family.