On Nov. 6, after protracted negotiations, Steve Cohen became the new owner of the New York Mets of Major League Baseball. Cohen became a minority owner in 2012 with an 8% stake in the team. In August 2020, Cohen entered into exclusive negotiations with Fred Wilpon and Saul Katz to buy a controlling interest in the Mets. On Sept. 14, there was agreement to give Cohen majority control, pending approval from MLB owners, which okayed the deal on Oct. 30, making Cohen the new majority owner of the Mets and the richest owner in baseball.

Cohen is an American billionaire hedge fund manager, founder of Point72 Asset Management, based in Stamford, CT. He owns one of the world’s most valuable private art collections, worth more than $1 billion. He has an estimated net worth of $14.1 billion.

In 2013, Cohen founded S.A.C. Capital Advisors (now closed), pleaded guilty to insider trading and agreed to pay $900 million in forfeiture and $900 million in fines in one of the biggest criminal cases against a hedge fund.