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Steve Cohen Still In The Bidding For (49%) Mets Stake

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Yesterday, the Postclaimed that Steve Cohen, who'd put in a minority bid for the Mets last month, had suddenly lost interest in getting involved with the team. Apparently some people mistook SC's playing hardball as him dropping out, as he reportedly still wants a piece of this thing.

According to CNBC's Kate Kelly, Steve is still offering the hard-up for cash Wilpons $200 million for a 49% stake, but not before a few of his demands are met. Like we said several months back, the Big Guy needs to know that his voice will be heard in the clubhouse, as he has many ideas for how to turn this bitch around, including but not limited to new uniforms, down and out clauses and some fresh choreography for Mr. Met, who "needs to start moving his hips like he means it." To that end, says Kelly, Cohen is demanding "stiffer terms" than what was originally offered to him, like board seats in the organization and the assurance he'll have "significant say over how they do what they do."


New York Mets Might Want To Savor Their Time Under The Tutelage Of Steve Cohen

...because they're about their last! SAC Capital Advisors founder Steven Cohen is the front-runner to purchase the Los Angeles Dodgers. Reports earlier this week indicated that Cohen's bid for the baseball team was a couple hundred million dollars less than that made by former baseball executive Stan Kasten and Los Angeles Lakers legend Magic Johnson. But Cohen's bid now matches the Kasten-Johnson offer of $1.6 billion—and at least half of Cohen's purchase price would come in the form of cash. Indeed, Cohen, who last month bought a small stake in the New York Mets, which he would have to give up if approved to buy the California team, may already be planning for the Dodgers' future. He has reportedly spoken with former Major League manager Tony La Russa about taking the team over under a Cohen regime. [FinAlternatives]