Billionaire Steve Cohen has reportedly re-entered exclusive negotiations to buy the Mets. Stan Szeto-USA TODAY Sports

Report: Steve Cohen in exclusive negotiations to purchase Mets

By Erin Walsh | Last updated 8/29/20

The New York Mets appear to be closer to finding their new owner.

Billionaire Steve Cohen has reportedly re-entered exclusive negotiations to buy the Mets, and a deal could be finalized within the next few days, according to David Faber of CNBC.

Steve Cohen has entered exclusive negotiations to buy the NY Mets and is expected to reach a deal to purchase the team within days, according to people familiar with the process. Other bidders, including the group led by Alex Rodriguez, are no longer in pursuit of the club.
— David Faber (@davidfaber) August 29, 2020

The group led by Alex Rodriguez and Jennifer Lopez has pulled out of the running for the purchasing of the team. While disappointed, Lopez tweeted that they "still haven't given up." Lopez also points out that, along with Rodriguez, they would've been the first minority couple, and she the first female, to own a team.

Alex and I are so disappointed!! We worked so hard the past 6 months with the dream of becoming the first minority couple and the first woman owner to buy her father’s favorite Major League Baseball team with her own hard earned money. We still haven’t given up!! #NY4ever pic.twitter.com/sBBkliUjoL
— jlo (@JLo) August 29, 2020

Cohen, 64, is a hedge fund manager with a net worth of $14.6 billion. He's been a lifelong fan of the Mets and would become Major League Baseball's richest owner.

Cohen had previously offered to purchase the Mets for $2.6 billion, but that deal fell through.

The second round of bidding for the organization is set to conclude by the end of August, so the Mets may have their new owner sooner rather than later.

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