ORLANDO, Fla. (AP) — Baseball Commissioner Rob Manfred and the New York Mets say talks have ended over the proposed sale of a controlling share of the team from the families of Fred Wilpon and Saul Katz to hedge fund manager Steve Cohen.
The Mets said Thursday night in a statement they intend to find another buyer, although it’s unclear if a future transaction would involve a controlling share of the franchise.
The Mets said Dec. 4 the contemplated deal between Sterling Partners and Cohen would have allowed 83-year-old Fred Wilpon to remain controlling owner and chief executive officer for five years.