Steve Cohen still wants the New York Mets, but he also wants SNY.
Thornton McEnery of the New York Post reported that Cohen is still interested in buying the Mets, but would also want SNY—the team’s cable network—to be included in the deal.
The current owners, The Wilpons, value the franchise at $3 billion and Cohen believes the only way that price would be fair is if SNY is included. However, it is still unknown if the Wilpons are willing to give that up.
A banker familiar with the deal told McEnery, “The team loses $50 million a year in a good year, so he [Cohen] wants SNY’s revenue, and he might pay a small premium to never have to deal with Fred and Jeff [Wilpon] ever again.