Steve Cohen Approval Thread

[Benjamin Grimm]

It was originally expected that the vote on Cohen's purchase of the Mets would be voted on at the November winter meetings, but Manfred has hinted that he'd like to get it done in October. Hopefully that will happen; the Mets should be able to be represented by their new administration at the winter meetings.

[Lefty Specialist]

The sooner the better. Help the Wilpons pack if you have to.

[MFS62]

Benjamin Grimm wrote: It was originally expected that the vote on Cohen's purchase of the Mets would be voted on at the November winter meetings, but Manfred has hinted that he'd like to get it done in October. Hopefully that will happen; the Mets should be able to be represented by their new administration at the winter meetings.

Follow the money. Some agents might have pointed out to Manfred that a late approval would give the Mets a late start in free agent signing season. And that would leave a lot of Cohen money out of the chase.

Later

[Benjamin Grimm]

I don't know. Lately it seems that the big free agents don't get signed until January. And COVID will probably slow things down too. There's a lot of uncertainty about next season.

[Lefty Specialist]

Benjamin Grimm wrote: I don't know. Lately it seems that the big free agents don't get signed until January. And COVID will probably slow things down too. There's a lot of uncertainty about next season.

Well, if there's one guy who can afford to pay top free-agent money for a player to perform in an empty stadium all year, that guy is Steve Cohen.

[Edgy MD]

I think I'll wait until evidence is available before declaring Steve Cohen the most profligate spender above all others.

[Frayed Knot]

Or, that that, just by itself, is automatically a good thing.



What I suspect Manfred is saying here is that, while we usually handle things via our regularly scheduled calendar, the transfer of a major market franchise is worthy of being dealt with on its own.

[nymr83]

Frayed Knot wrote: Or, that that, just by itself, is automatically a good thing. What I suspect Manfred is saying here is that, while we usually handle things via our regularly scheduled calendar, the transfer of a major market franchise is worthy of being dealt with on its own.

or he is saying "$ave u$ $teve!!!"

[kcmets]

When a team changes hands do the other owners get some kind of fee or kickback?

[Frayed Knot]

Expansion, yes.

Sale, no.



Unless Stevie's into a little bribery, that is, in order to make sure that the sale goes through.

[Edgy MD]

I wasn't sure if he meant the owners of the other MLB teams or the Mets minority owners.



I'm not clear if Mr. Cohen is buying out them as well. Since about 90% of them are members of the Wilpon family, corporate subsidiaries of Sterling, or Cohen himself, it's probably not going to complicate matters much either way.

[kcmets]

Frayed Knot wrote: Expansion, yes. Sale, no.

I guess I kinda knew as much. Got suspicious that a big ticket sale getting fast-

tracked might be because the owners were looking to whet their beaks.

[nymr83]

Maybe Manfried needed to promise Tony Clark that Cohens checkbook is arriving sooner.

[MFS62]

Maybe Manfried needed to promise Tony Clark that Cohens checkbook is arriving sooner.

That's what I meant, but Ben doesn't think the timing will be that important to free agent spending. But I adhere to the saying "Get there firstest with the mostest".

Later

[Benjamin Grimm]

I just looked it up... the winter meetings start on December 6. I had read that the vote was scheduled for the winter meetings in November, but one part of that is obviously wrong. If the meetings are in December and the vote is in November, that's a very different story. The vote should definitely be held before the winter meetings.

[MFS62]

Benjamin Grimm wrote: I just looked it up... the winter meetings start on December 6. I had read that the vote was scheduled for the winter meetings in November, but one part of that is obviously wrong. If the meetings are in December and the vote is in November, that's a very different story. The vote should definitely be held before the winter meetings.

I think you're right about what you had read. Maybe they were thinking of holding the vote around the time of the General Managers meeting, usually held about a month before the "winter meetings". This year, they'll be holding that remotely. Will the vote be the same? I have no info on that.

Later

[nymr83]

News today that Cohen reached out to the unions representing citi field seasonal workers and offered them 500/month per person, a total commitment just under 3 million, during the off season to help everyone out.



Yay Cohen!

[MFS62]

News today that Cohen reached out to the unions representing citi field seasonal workers and offered them 500/month per person, a total commitment just under 3 million, during the off season to help everyone out. Yay Cohen!

Not only will he be investing in his seasonal workers, he wants to invest in technology, too. From SNY:

https://sports.yahoo.com/steve-cohen-plans-mets-technological-150322472.htmlhttps://sports.yahoo.com/steve-cohen-plans-mets-technological-150322472.html



Yay Cohen!

Later

[Centerfield]

Gotta love everything we are reading so far.



I think to make a good owner, one has to be:



1. Rich enough to fund a big market payroll

2. Smart enough to hire good baseball people to run the team

3. Humble enough to stay out of the way



The Wilpons were 0 for 3.



The rumblings around Cohen suggest he will hit the first two. The third remains to be seen.

[Benjamin Grimm]

https://memegenerator.net/img/instances/81663742.jpg>

[Johnny Lunchbucket]

I was interviewing a consultant I know who works with private equity guys for work and we always end our conversations with baseball. He says his familiarity with Cohen indicates he'd be willing to spend like crazy within the confines of a "plan" based on increasing long-term franchise value, and smart leadership, generally what PE guys do.

[kcmets]

So how do we find out when this is official? Not that it's important and once is gets

out there the whole metzernet will probably explode. Manfred/MLB, Cohen/team of-

ficials or a tweet from Jon Heyman? I hope it doesn't drag on now that the fast

track carrot thing was dangled in front of our muzzles.



It hasn't sunk into me yet that the Wilpons are going bye bye.

[Benjamin Grimm]

From what I hear, nothing is going to happen until after the World Series.

[kcmets]

That's fair enough, so October 29th!

[smg58]

=Centerfield post_id=48516 time=1602682913 user_id=65]
Gotta love everything we are reading so far.



I think to make a good owner, one has to be:



1. Rich enough to fund a big market payroll

2. Smart enough to hire good baseball people to run the team

3. Humble enough to stay out of the way



The Wilpons were 0 for 3.



The rumblings around Cohen suggest he will hit the first two. The third remains to be seen.

[MFS62]

Benjamin Grimm wrote: From what I hear, nothing is going to happen until after the World Series.

Heard earlier this week that the owners have "no problem" with Cohen, but no formal vote taken yet.

Later

[batmagadanleadoff]

=smg58 post_id=48534 time=1602701818 user_id=62]
=Centerfield post_id=48516 time=1602682913 user_id=65]
Gotta love everything we are reading so far.



I think to make a good owner, one has to be:



1. Rich enough to fund a big market payroll

2. Smart enough to hire good baseball people to run the team

3. Humble enough to stay out of the way



The Wilpons were 0 for 3.



The rumblings around Cohen suggest he will hit the first two. The third remains to be seen.

[batmagadanleadoff]

Not only will he be investing in his seasonal workers, he wants to invest in technology, too. From SNY: https://sports.yahoo.com/steve-cohen-plans-mets-technological-150322472.htmlhttps://sports.yahoo.com/steve-cohen-plans-mets-technological-150322472.html

I read that article a few days ago. It appears that while most of baseball were the Jetsons with their technology, the Mets were the Flinstones. It's like one of those terribly underfunded schools where 40 kids in a classroom have to share two computers.



Sad.

[Centerfield]

It's pretty evident that all the bad luck we've complained about had nothing to do with luck at all.

[bmfc1]

The part of the Post article about the advanced technology that other teams bought but the Mets were only table to rent for a day was maddening.