The MLB owners have rubber stamped the sale of the Mets to Steve Cohen. He now has a 95% stake in the club. The Wilpon family retains 5%. With the sale, the Mets are valued near $2.5 billion.
Cohen has previously announced he was bringing Sandy Alderson back to be the team president. Yesterday he made some more notable pronouncements—
1) Mets employees who’ve had their pay cut up to 30% this year as part of pandemic cost-cutting will resume receiving their full salaries/wages as of this weekend.
2) Citi Field seasonal employees/subcontractors will receive a $500/month stipend through Opening Day 2021…again starting this weekend. That’s 1000 people he’s helping here.
3) The Mets will “substantially increase” charitable donations as well.
Expect Cohen to realize the Mets play in a large market.
Mets fans everywhere rejoice.