New owner: Mets to act 'like a major market team'

5:56 PM ET

Associated Press

NEW YORK — Steven Cohen promises splashes of cash Mets fans expect from his billions — within reason.

“If I don’t win a World Series in the next three to five years, ” he said Tuesday, “I would consider that slightly disappointing.”

Four days after buying the Mets from the Wilpon and Katz families in a deal that valued the team at a baseball record $2.42 billion, Cohen unveiled his philosophy to turn around the perennial underachiever, promising that the Mets will act “like a major market team.”

“Are we going to act like drunken sailors in the marketplace? No,” he said. “I want to be thoughtful. You can spend a lot of money today and then tie up your team in bad contracts for the next five years.”

Cohen, CEO of Point72 Asset Management in Stamford, Connecticut, bought an 8% limited partnership stake in 2012 for $40 million and increased that last week to 95%, with the Wilpon and Katz families retaining 5%.

His first decision was to bring back Sandy Alderson as team president. Cohen plans to defer to Alderson and his baseball operations staff. Alderson said Luis Rojas probably

Read More


Share on facebook
Share on twitter
Share on reddit
Share on pinterest
Share on email

Scroll to Top