New York Mets fans are doing cartwheels down 126th Street this afternoon as the news broke that the Wilpon family is in negotiations to relinquish as much as 80 percent of their share of the club to billionaire Steve Cohen, who is already a minority share holder.
Bloomberg News is reporting that “the transaction would value the team at $2.6 billion, said the person, who asked not to be identified because the talks are private. The Mets confirmed the talks in a statement…Fred Wilpon, the team’s principal owner, will remain in his current role for at least five years, at which time Cohen will have a path to controlling the franchise, said the person.