Scott Soshnick and Barry M. Bloom of Sportico report that hedge fund billionaire Steve Cohen‘s bid to purchase the New York Mets has been approved by MLB’s Ownership Committee. That leaves Cohen with just two hurdles left before his purchase becomes official.
The MLB Ownership Committee, headed by Pittsburgh Pirates owner Bob Nutting, isn’t the vaunted owners’ vote. Instead, the committee is a small group of owners that vets potential new owners and provides an opinion on how MLB and the other owners should vote.
With the latest news, Cohen’s approval is a near certainty, but the process hasn’t concluded.