NYC major deflects questions about proposed Mets sale to Steve Cohen

29 Octobre, 2020, 19:40 | Auteur: Adelaide Bullion
  • Steve Cohen NY Mets

The Post has learned that [de Blasio] called Major League Baseball commissioner Rob Manfred earlier this month and told him outright that he opposed the idea of a hedge-fund billionaire buying a local team and would be using his oversight power of the city's control of the Citi Field lease to prevent the sale from being finalized.

The Post also revealed that multiple sources with knowledge of the situation confirmed the report.

De Blasio reportedly believes he can use a clause about moral turpitude to block the sale.

The paper reported that the language extends to any individual who has been convicted of a felony or "who controls any person or entity that has been convicted of a felony". While the civil agreement does not make Cohen guilty of fraud, the provision could give de Blasio a way to block the sale. He also said the mayor had been doing "due diligence" by examining the lease of valuable city-owned property.

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The official line from City Hall is that they are merely doing due diligence on the sale, which impacts a public property, and involves a prospective buyer whose past securities firm was convicted of insider trading. "That's what the call was about".

Cohen closed the deal last month to purchase the Mets in a transaction which put the value of the franchise at more than $2.4 billion. The hedge fund billionaire needs at least 22 out of 29 votes to take over the Mets. Even though I waited over 5 hours to vote, I'm so glad I got it out of the way early.

After seeing friends, celebrities and acquaintances voting early for this 2020 Presidential Election, I made a decision to do my civic duty and go to an early polling location in New York City to cast my ballot a week before Election Day.

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