The Mets have received commitments from billionaire hedge-fund investor Steve Cohen and six other investors to purchase $20 million minority shares in their embattled club, sources familiar with the deal told the Daily News.
The team expects to secure commitments for three remaining shares in the near future, and hopes to complete the offering soon, the sources said. The Daily News first reported last month that the Mets were close to finalizing at least five of the $20 million shares.
The stake in the Mets would not prevent Cohen, ranked 35th last year in Forbes' "400 Richest People in America," from purchasing the Dodgers, but he would have to sell his interest in the Mets if he completes the deal for the Los Angeles team. Cohen is one of eight bidders who have expressed interest in the Dodgers.
Read more: http://www.nydailynews.com/sports/baseball/mets/ny-mets-minority-shares-bought-hedge-fund-guru-steve-cohen-investors-commit-article-1.1027099
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