As you may have heard, the New York Mets are going through a bit of a rough patch, on account of being screwed financially on their investment with Madoff Securities. In January the organization announced it needed to sell a minority stake, to little success. Among the people who turned them down? Steve Cohen. Despite being a huge fan, who has a box at Citi field, Cohen was reportedly “adamant” that he wouldn’t shell out a dime without getting a say in the direction of the franchise. At the time, we told the Wilpons to not take the rejection as a hard no, as Steve is an ideas man and just wanted some level of assurance that if he was going to pony up the money, his voice would be heard. Now, suddenly, the hedge fund manager has “joined the bidding for a minority stake.” What changed?

Details are scant at this time but several legitimate explanations come to mind. The first is that the Mets wised up and promised to adopt the items floated by Steve, via us, most of which will translate to rings come November (included but not limited to:  a down and out clause– if the team is down by more than 15 games at the All Star break, players are told they’re idiots and sent home. (This is how you motivate people.); no more polyester- from now on players wear fleece, with the top 3 or 4 buttons undone so there’s no overheating; SC gets his own playing cards, which are sure to be a breakout hit). Also possible:

* SAC decided to launch a new fund (the Queens Pennant Restructuring Exceptional Value Opportunities fund; fees are 1 and .400)

* Mr. Met showed up to Casa de Cohen drunk and crying and this was the only way Steve could get the guy to leave

* In a dream, the ghost of Keith Hernandez came out of a closet and told Steve: “Let me tell you something kid. Everybody gets one chance to do something great. Most people never take the chance, either because they’re too scared, or they don’t recognize it when it hocks a loogie on their glasses. This is your big chance- you shouldn’t let it go by.”

SAC’s Cohen Bids For Mets Stake [WSJ]

Comments (37)

  1. Posted by Unemployed_HBS_MBA | April 13, 2011 at 2:11 PM

    Come on Bess. You can do better.

  2. Posted by Guest | April 13, 2011 at 2:13 PM

    This was fucking funny, and she already did the huge SAC/Mets post previously. Also, kill yourself.

  3. Posted by Guest | April 13, 2011 at 2:14 PM

    Come on douche. You can leave a vaguely amusing comment.

  4. Posted by CT | April 13, 2011 at 2:14 PM

    Pretty sure he can’t.

  5. Posted by Pennypacker | April 13, 2011 at 2:14 PM

    I’m pretty sure there was a “second spitter”.

  6. Posted by DW | April 13, 2011 at 2:16 PM

    News Reporter: So, Steve. How do you feel about owning a team in New York?
    Steve: You mean ‘JEW’ York? It’s fuckin’ great.

  7. Posted by Lsjdfl | April 13, 2011 at 2:19 PM

    Get a job, bum.

  8. Posted by Guest | April 13, 2011 at 2:19 PM

    Beer prices went up. He needs protection against further concession increases.

  9. Posted by Guest | April 13, 2011 at 2:21 PM

    Wow….Didn’t know Jeff Skilling had access to the internet.

  10. Posted by Spanishmoon | April 13, 2011 at 2:21 PM

    Stevie has been given permanent immunity after threatening to bring back Omar Minaya and Steve Phillips

  11. Posted by Money Balls | April 13, 2011 at 2:24 PM

    Didn’t Stevie say he was “on the way down” recently. Well, there you go.

  12. Posted by guest | April 13, 2011 at 2:27 PM

    Conversations heard from the mets clubhouse circa june 2011:

    SC: how the fuck could you bunt there?
    3rd manager since may: we were down 1 run and needed to move the runner over
    SC: you fucking shit for brains idiot. get the fuck out of my face. get me conheeny we need a new manager these fucking idiots don’t know what they are doing. buy 500 spus

  13. Posted by Guest | April 13, 2011 at 2:34 PM

    Do I get to be bat boy?

    -D. Berk

  14. Posted by Mets Coach | April 13, 2011 at 2:34 PM

    Can you play left field?

  15. Posted by Sleeper | April 13, 2011 at 2:38 PM

    Stevie better learn some Spanish if he wants to communicate with his players.

    -Guy who would have liked this comment a lot more had it been 2009 when most of the Mets spoke English as a second language.

  16. Posted by AmericanBandersnatch | April 13, 2011 at 2:39 PM

    Can’t wait until they use the zamboni to drag the infield.

  17. Posted by delancey st. | April 13, 2011 at 2:41 PM

    Alexandra G. Cohen will sit with the Met wives/girlfriends a la Cameron Diaz. Annie L. will capture for posterity.

  18. Posted by Shecky Ruth | April 13, 2011 at 2:41 PM

    One of the first thing Cohen did was to have a new pitching machine installed and it still beat the Mets by a score of 4 to 1….

  19. Posted by PasteSpecialFormats | April 13, 2011 at 2:51 PM

    Getting truffle-shuffled by SC > working at UBS > owning any portion of the Mets

  20. Posted by Heywood | April 13, 2011 at 2:57 PM

    With his shirt unbuttoned, you can see his chest hair.

    /Matt Taibbi

  21. Posted by Guest | April 13, 2011 at 3:27 PM

    Must have inside info that the Mets will win the World Series in 2012
    -LEH Quant

  22. Posted by Guest | April 13, 2011 at 3:28 PM

    Steve is just doing this so when he goes to games he can wear the Mr. Mets suit and eat 15 chili dogs in peace.

  23. Posted by Guest | April 13, 2011 at 3:32 PM

    …driven by a man wearing a king’s robe

  24. Posted by Supraman | April 13, 2011 at 3:32 PM

    GEORGE: What are all sweatin’ for?TARTABULL: It’s hot in this uniform.GEORGE: Hot? What is this?TARTBULL: What is what?GEORGE: This uniform, what’s it made from?TARTBULL: I don’t know, cotton?GEORGE: No. This is not cotton. Here, lemme see. Oh. Of course. Polyester! TARTABULL: So?GEORGE: I can’t believe you’re not playing in cotton.TARTABULL: Well, this is what they give us.GEORGE: You know they used to make leisure suits out of this fabric?TARTABULL: You really think cotton’s better?GEORGE: Of course! Alright, maybe I’ll say something to Buck.TARTABULL: Yeah, good idea. Catch ya later.

  25. Posted by Guest | April 13, 2011 at 3:37 PM

    Well that’s 40+ new high net worth individuals at whetever the hell he charges. This should pay back pretty quickly.

  26. Posted by Guest | April 13, 2011 at 3:37 PM

    Well that’s 40+ new high net worth individuals at whetever the hell he charges. This should pay back pretty quickly.

  27. Posted by Guest | April 13, 2011 at 3:37 PM

    Well that’s 40+ new high net worth individuals at whetever the hell he charges. This should pay back pretty quickly.

  28. Posted by Guest | April 13, 2011 at 3:37 PM

    Well that’s 40+ new high net worth individuals at whetever the hell he charges. This should pay back pretty quickly.

  29. Posted by Guest | April 13, 2011 at 3:37 PM

    Well that’s 40+ new high net worth individuals at whetever the hell he charges. This should pay back pretty quickly.

  30. Posted by guest | April 13, 2011 at 3:38 PM

    let me be the first and last to say it: go kill yourself

  31. Posted by BennyTheJet | April 13, 2011 at 3:47 PM

    …follow your heart kid. you’ll never go wrong.

  32. Posted by BennyTheJet | April 13, 2011 at 3:47 PM

    …follow your heart kid. you’ll never go wrong.

  33. Posted by BennyTheJet | April 13, 2011 at 3:47 PM

    …follow your heart kid. you’ll never go wrong.

  34. Posted by BennyTheJet | April 13, 2011 at 3:47 PM

    …follow your heart kid. you’ll never go wrong.

  35. Posted by BennyTheJet | April 13, 2011 at 3:47 PM

    …follow your heart kid. you’ll never go wrong.

  36. Posted by Yakov | April 13, 2011 at 4:16 PM

    KC Royals, circa 1987?

  37. Posted by Cosmo Kramer | April 13, 2011 at 4:32 PM

    Back, and to the left. Back…and to the left.

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