6:38pm: Mayor de Blasio does not want MLB to approve the sale to Cohen, according to Thornton McEnery, Josh Kosman and Julie Marsh of the New York Post. Mayor de Blasio seems to have concerns over the fact that Cohen “pleaded guilty to insider trading charges in 2013,” the Post trio writes.
10:40am: In a news conference today, Mayor de Blasio told reporters (including Newsday’s Tim Healey) that the city’s decision on the Mets’ ownership change will come “at some point in the next few days.” Healey notes that city approval is expected to be granted.
OCT. 27: MLB owners are likely to vote on Cohen’s potential ownership Friday, per Deesha Thosar of the New York Daily News. It appears they’ll approve Cohen. However, there’s concern on Cohen’s part that New York City Mayor Bill de Blasio won’t approve of the ownership switch by Friday. If he doesn’t, a source told Thosar: “The worst-case scenario is if this drags on long enough, the Mets miss out on all major free agents, miss out on potential trades and they go into next season effectively in the same place they are this season. And that would really be not good. If that happens, they’re effectively crippled for next season.”
OCT. 20: Prospective owner Steve Cohen is getting closer to taking over the Mets from the beleaguered Fred Wilpon-Jeff Wilpon tandem. Major League Baseball’s eight-person Ownership Committee recently voted in favor of Cohen, 7-1, Scott Soshnick and Barry M. Bloom of Sportico report. Cohen still has to receive approval from 22 of the league’s other 29 owners in order to assume the Mets’ reins, but Soshnick and Bloom suggest that’s a formality.
As someone who currently owns 8 percent of the Mets, Cohen’s already known around the league. He agreed in mid-September to purchase 95 percent of the club for around $2.475 billion, which came after a potential agreement between Cohen and the Wilpons fell through last winter. Since then, though, the Wilpons have endured substantial losses as a result of the coronavirus-shortened season with no fans in attendance, so they became more eager to part with the franchise.
Considering his net worth comes in north of $14 billion, Mets fans are understandably excited to see Cohen on the verge of leading the organization. And if Cohen does receive the necessary approval to succeed the Wilpons in the coming weeks, it won’t be a surprise to see the team make some splashy moves in the offseason after missing the playoffs for the fourth year in a row in 2020. Any of the game’s best pending free agents (Trevor Bauer, J.T. Realmuto and DJ LeMahieu, to name a few) could conceivably wind up on the Cohen-led Mets’ radar over the winter.