Steve Cohen might be the minority owner Fred Wilpon and Saul Katz have been looking for to give the New York Mets a cash infusion. It sounds, however, like the current Mets’ owners would have to give up a lot more than the 25 percent or so they originally sought to bring Cohen in.
CNBC says Cohen wants 49 percent of the ownership and seats on the board — which means he doesn’t want to be a silent minority partner — he wants a big say in how the franchise is run.
Wilpon says he is “very” confident he and Katz will keep control of the team.
Baseball commissioner Bud Selig said he is satisfied that the Mets are doing everything possible to bring in additional ownership.
“The Mets are doing, when you have a problem, what you have to do, and that is they’re selling part of their team and putting equity in the team. I’m satisfied that process is moving forward,” Selig said.
Wilpon and Katz need the help. The question for them appears to be just exactly how much are they willing to give up to get it.