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New York Mets: Three observations on the Steve Cohen sale

NEW YORK, NEW YORK - APRIL 10: Point72 Asset Management and Gala Chair Steven A. Cohen speaks on stage the Lincoln Center Alternative Investment Gala at The Rainbow Room on April 10, 2019 in New York City. (Photo by Dave Kotinsky/Getty Images for Lincoln Center)
NEW YORK, NEW YORK - APRIL 10: Point72 Asset Management and Gala Chair Steven A. Cohen speaks on stage the Lincoln Center Alternative Investment Gala at The Rainbow Room on April 10, 2019 in New York City. (Photo by Dave Kotinsky/Getty Images for Lincoln Center) /
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PORT ST. LUCIE, FL – MARCH 08: A New York Mets batting helmet in the dugout before a spring training baseball game against the Houston Astros at Clover Park on March 8, 2020 in Port St. Lucie, Florida. The Mets defeated the Astros 3-1. (Photo by Rich Schultz/Getty Images) /

What did you notice about the sale of the New York Mets to Steve Cohen?

September 14th, 2020 will be a major day of significance in the story of the New York Mets baseball franchise. On this date, news broke that the Mets and billionaire Steve Cohen have officially reached a purchase agreement. The move would make Cohen just the sixth principle owner in the history of the Mets.

This news was cause for great joy amongst a fan base who has often lamented the dysfunction, lack of success, and penny-pinching of current owners Fred and Jeff Wilpon. Many fans in New York would even go as far as to quickly nominate the Wilpons as the worst owners in American professional sports.

While we all, as fans, eagerly await for confirmation of the Cohen purchase and fantasize about how the change will positively impact our favorite team, there are three brief observations I’d like to share:

Observation #1: Cohen will become the richest owner in MLB

Much has been made of this point. But let that fact sink in for a moment. The New York Mets, a team with a reputation on behaving like a small market team despite playing in the biggest sports city in the country, will now have the capital to rival the sports’ financial elite. More than the Red Sox. More than the Dodgers. More than even the cross-town Yankees.

This will be a complete change of pace for the Mets. The team has spent many of the past seasons with little to no chance of adding top free agents.

For the first time in recent memory, the franchise has a real opportunity to be competitive in all facets of the game. While we don’t yet know Cohen’s plans, the potential is a beautiful thing.

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