Less Wilpon?

[G-Fafif]

[G-Fafif]

[Gwreck]

The Mets' statement is in response to a Bloomberg story that is reporting that there are talks for Cohen to buy up to 80% of the team.



https://www.bloomberg.com/news/articles/2019-12-04/mets-in-talks-to-sell-up-to-80-of-team-to-steve-cohen-k3rra77khttps://www.bloomberg.com/news/articles/2019-12-04/mets-in-talks-to-sell-up-to-80-of-team-to-steve-cohen-k3rra77k

[G-Fafif]

[Ceetar]

80% would be different, but it sounds like switching to a more standard 'board of investors' type thing.



So no saying Jeff couldn't just continue doing 5 year terms until he dies. Especially if Cohen's stake is still group managed by his group and he doesn't take an active role.



And of course, there's no real reason to think Cohen would make things better. He does seem better at crime at least.

[Johnny Lunchbucket]

I was hoping for less than 5 years

[Gwreck]

=Ceetar post_id=27599 time=1575493057 user_id=102]80% would be different, but it sounds like switching to a more standard 'board of investors' type thing.

[Ceetar]

There's at least half a dozen worse owners in MLB already, to say that 'it could get worse' isn't a stretch.



It absolutely sounds like that. The only thing they explicitly confirmed was literally that the Wilpons would retain control for 5 years.



Also Sterling doesn't quite own 80% of it by themselves, so there's all sorts of other moving parts to ponder after.

[Ceetar]

Healey tweeting now that Cohen will be the 'owner' after the 5 years now, fwiw.



Of course, Cohen is not a good person either. Will he run a baseball team better? perhaps. He does seem to be a _better_ criminal, as I said.

[Johnny Lunchbucket]

51% makes him the owner. 80% makes him like, a super owner.

[A Boy Named Seo]

What do we know about this guy other than he tried to buy the Dodgers, too?

[86dreamer]

Cohen is not the least bit likable, but the minute he takes over he will steamroll over anyone in the organization that is not 100% focused on winning. Hopefully he has more patience to see through the Wilpon's roadblocks than Einhorn did. I wan to know exactly when the 5 year waiting period starts because I will be counting down the days!

[86dreamer]

He has probably already sent Beltran a laptop, camera and garbage can

[kcmets]

Why a five year countdown? Either sell or don't. Fuck them and their

continued decades of smoke and mirrors.

[G-Fafif]

[kcmets]

Why Ken, why?!? I'll be approaching SS and Medicare in five years. My

ticker, my ticker!!!

[seawolf17]

There's obviously a lot more to this story that will come out over time. I can't get too excited yet, but it certainly *seems* like a step in the right direction.

[HahnSolo]

Hmm. If the five year thing is true (and I tend to think the timing could change, once the ball gets rolling), long-term contract negotiations would get interesting. If say next year, Brody wants to sign a guy for 5-6 years, does Cohen get a say?

[G-Fafif]

[batmagadanleadoff]

=Ceetar post_id=27604 time=1575494175 user_id=102]
There's at least half a dozen worse owners in MLB already, to say that 'it could get worse' isn't a stretch.



It absolutely sounds like that. The only thing they explicitly confirmed was literally that the Wilpons would retain control for 5 years.



Also Sterling doesn't quite own 80% of it by themselves, so there's all sorts of other moving parts to ponder after.

[Centerfield]

DO NOT DIE FOR FIVE YEARS. DO NOT DIE FOR FIVE YEARS. DO NOT DIE FOR FIVE YEARS. DO NOT DIE FOR FIVE YEARS. DO NOT DIE FOR FIVE YEARS. DO NOT DIE FOR FIVE YEARS. DO NOT DIE FOR FIVE YEARS. DO NOT DIE FOR FIVE YEARS. DO NOT DIE FOR FIVE YEARS. DO NOT DIE FOR FIVE YEARS. DO NOT DIE FOR FIVE YEARS. DO NOT DIE FOR FIVE YEARS. DO NOT DIE FOR FIVE YEARS. DO NOT DIE FOR FIVE YEARS. DO NOT DIE FOR FIVE YEARS. DO NOT DIE FOR FIVE YEARS. DO NOT DIE FOR FIVE YEARS. DO NOT DIE FOR FIVE YEARS. DO NOT DIE FOR FIVE YEARS. DO NOT DIE FOR FIVE YEARS.

[batmagadanleadoff]

=Ceetar post_id=27599 time=1575493057 user_id=102]


And of course, there's no real reason to think Cohen would make things better. He does seem better at crime at least.

[Frayed Knot]

A Boy Named Seo wrote: What do we know about this guy other than he tried to buy the Dodgers, too?

What I know is virtually nothing, so I went to the unimpeachable source of WikiPedia to find out that:



- he's a 63 y/o Great Neck, Long Island native with an economics degree from Wharton School of Penn who learned risk through playing poker before borrowing money to get into money management

- now based in Greenwich and Stamford, CT, he runs POINT72 Asset Management

- estimated personal wealth of $13.6 billion which, according to Forbes Magazine in 2016, made him the 30th richest person in the country

- currently with wife #2 whom he married in 1991, had two kids with #1, 4 more with #2, plus #2 brought one of her own into the mix. Apparently he lives with all seven.

- in 2009 he was sued by first wife over charges stemming from the hiding of assets concerning their long-ago separation agreement. Initially dismissed in court, in 2013 an appeals court revived the charges.

[Quoting from Wiki now]: Writing for a three-judge panel, Circuit Judge Pierre Leval said [first wife] Patricia Cohen had made a “plausible” allegation that Steven Cohen had concealed the $5.5 million

during negotiations on a separation agreement in 1989, which preceded the divorce. The revival of the lawsuit comes amid mounting pressure on Steven Cohen over an insider trading investigation that led

to last Friday's arrest of Michael Steinberg, one of Cohen's closest confidantes at SAC Capital [predecessor of POINT72]. Also in March, SAC affiliates reached two civil insider trading settlements totaling

nearly $616 million with the U.S. Securities and Exchange Commission.

One of the civil settlements has won court approval. SAC neither admitted nor denied wrongdoing in either case. Steven Cohen has not been accused of wrongdoing.



- and speaking of billions, the Showtime series BILLIONS (which I've never seen) is "loosely based" on former U.S. Attorney Preet Bharara's account of his legal battles with Cohen and his company(s).

- he's a avid art collector & supporter

- funds PTSD and mental health programs for vets

- donated to a PAC supporting Chris Christie

[Ceetar]

=batmagadanleadoff post_id=27626 time=1575497328 user_id=68]
=Ceetar post_id=27599 time=1575493057 user_id=102]


And of course, there's no real reason to think Cohen would make things better. He does seem better at crime at least.

[batmagadanleadoff]

=Ceetar post_id=27628 time=1575498270 user_id=102]
=batmagadanleadoff post_id=27626 time=1575497328 user_id=68]
=Ceetar post_id=27599 time=1575493057 user_id=102]


And of course, there's no real reason to think Cohen would make things better. He does seem better at crime at least.

Edited December 4, 2019 by Guest

[Centerfield]

By the way, how Wilponian is it to announce this the day Wheeler walks?



Jeff: Man. The fans are pissed. Like really pissed. What can we do?



Brodie: Should we go after Strassburg? Bumgarner?



Fred: Announce we are selling. They'll forget all about Wheeler.

[Johnny Lunchbucket]

In actuality word leaked, that sparked the sportswriter types who don;t read Bloomberg, and they're in damage control.



I've sorta been waiting for this day for some time -- Fred's getting up there, needs to get his affairs in order, but my worry was that he'd just leave it all to Jeff's kids.

[Centerfield]

I wonder if SNY suddenly turns on the Wilpons the minute the check clears.

[kcmets]

=batmagadanleadoff post_id=27629 time=1575498700 user_id=68]I'll just walk around with shit all over the outside of my ass until the invisible man in the sky answers my prayers and magically drops a pack of Charmin in my bathroom like he was TV Barbara Eden or something.

[G-Fafif]

Steve's a sweetheart. Like most modern sports franchise owners.



https://www.foxbusiness.com/politics/billionaire-steven-cohen-ramps-up-gop-donations-amid-hedge-fund-comebackhttps://www.foxbusiness.com/politics/billionaire-steven-cohen-ramps-up-gop-donations-amid-hedge-fund-comeback