The purchase, approved 26-4 by baseball owners on Oct. 30, is worth $2.4 billion to $2.45 billion. It is a record price for a baseball team, topping the $2 billion sale of the Los Angeles Dodgers from Frank McCourt to Guggenheim Baseball Management in 2012. An entity controlled by Cohen owns 95% of the franchise, and the Wilpon and Katz families retain 5% of the team.
Cohen pledged to inject about $9.5 million in additional payments this offseason for pandemic-hit employees. The 64-year-old Cohen is CEO and president of Point72 Asset Management. He first bought an 8% limited partnership stake in the Mets in 2012 for $40 million.