May 6, 2011, 10:30 AM EST
Last month the New York Times identified hedge fund manager Steve Cohen as the frontrunner to buy a minority share of the Mets. Today the New York Post is saying that is still the case, reporting that Cohen was to meet with with the Wilpons and/or Saul Katz ”at 8 pm at Gabriele’s Steak House in his hometown of Greenwich, Conn.” No word if he had the creamed spinach.
In the Times’ report, people who knew Cohen said that they would be surprised that he would accept a minority stake in the Mets, on the presumption that such a stake would provide him with no control over the direction of the team. The Post reported last week, however, and repeats today, that “a minority owner will have significant input immediately on key budgetary decisions” and that he would “be part of a newly created board.”
Perhaps those changes were designed specifically for Cohen? Perhaps the hedge fund manager is looking for a foothold he could use to one day get a bigger piece of the Amazin’ pie?
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