Major League Baseball owners will vote Friday to approve the sale of the New York Mets to billionaire hedge fund manager Steve Cohen, according to multiple reports.
The proposed purchase of 95% of the Mets by an entity of Cohen was already approved by MLB's ownership committee. Cohen needs 23 of the 30 clubs to sign off for the deal to be completed. The sale values the franchise at $2.4 billion to $2.5 billion.
The current Mets ownership group is headed by Fred Wilpon, brother-in-law Saul Katz and Wilpon's son Jeff, the team's chief operating officer.