Former Wall Streeter turned journalist. I tweet the things other people are thinking. Always willing to engage in civil debate.
laurasgoldman
@gmail
.com
Steve Cohen is still interested in the
#Mets
despite reports to the contrary He will formalize deal terms when the teams are back playing. He isn't interested in reviving the terms of the failed deal. He wants more immediate control and/or SNY. I verified his interest again today
.
@Starbucks
should do more than meet with the 2 men arrested at
#starbucks
They should support the bipartisan Clean Slate Act, currently in the Pa legislature, which will seal the arrest records of the 2 men. Otherwise, their job search will be tainted forever. @ Kevin Johnson
If Cohen is successful in buying the
#Mets
, he will moneyball the heck out of it. He already held a meeting at his home with his quants to see how they can leverage Point72 expertise for the team. Cohen will hire the best, give them discretion, and definitely not micromanage
My Wharton classmate Steve Cohen has confirmed he has reentered the bidding for the
#Mets
He expects to submit a lower bid than his previous offer of $2.6 billion
A Friday treat: Steve Cohen has withdrawn $1 billion from his firm Point72 ostensibly to buy the
#Mets
He had $8B of his own money invested in 2019; Now he has 7B there. He plans to borrow the rest of the purchase price since interest rates are so low. No questions until I return
#Mets
fans long suffering is over. Steve Cohen is the official owner of the team. New York is once again a 2 team town. Move over Yankees! Time to party 🥳 like it's the 80's. 🎊🎉🎈🍾🍻
Biden is very close to winning
#Pennsylvania
and thus the presidency. He trails
#DonaldTrump
by a little more than 36K while there are 70K outstanding ballots in
#Philadelphia
alone. Biden has typically been winning 80% of the vote in Philly which is 56,000 votes. ➕ 20K 4 Veep
Several
#MLB
owners have told me today they want A-Rod to end his
#Mets
bid. One said, "This reality show has got to end. Where's JP Morgan? A serious bid doesn't mean calling every billionaire on the Forbes list. Remember only 9 owners can block a sale.
Source close to Cohen said that he made the union concessions to secure
#DeBlasio
approval. Cohen has deftly used his money and influence to ensure that NOTHING stands in the way of him owning the
#Mets
. Relax the big guy has got this. Bobby Axe is helping him.
A
#Mets
minority owner confirmed the deal for Steve Cohen to buy the
#Mets
is expected to wrap up next week. I have no other details yet. That doesn't mean he will own the team yet.
After
@JLO
claimed she deserved the
#Mets
because she was Latina, it's great to see Alex describe herself as a Latina from Washington Heights. I'd love to hear what JLO has to say now.
#Mets
fan can start celebrating. It's unlikely Harris/Blitzer will outbid Cohen unless SNY, which isn't even part of the sale, is at the heart of a sports media empire they're building. Or they see economies of scale in owning several teams. Maybe in marketing, live events etc.
The pandemic and the lack of fans in attendance at
#Mets
games played in the decision to sell SNY at this time. Cohen's argument was SNY was currently the entire fans' experience. Therefore, he should control it.
#coronavirus
was good for something - getting rid of the Wilpons
#Mets
fans prepare to do a happy dance 💃 Steve Cohen is expecting to lose $400M over the next 2 years and expand the analytics department from 6 to 20. Wilpons, on the other ✋, refused to spend $150, 000 on motion capture cameras.
Steve Cohen's bid for the
#Mets
is in the $2 billion vicinity. Sources close to him say "he will pull out his wallet again in order to close the deal." My numbers for SNY are in the $1.5 billion, but "he doesn't have to have it. It would be nice."
Major Texas fundraiser for
@tedcruz
says he's flying back from Cancun given the outcry. Unbelievable that it took seeing his presidential ambitions go up in 🔥 for him to cut short his vacation.
I am hearing Steve Cohen is still working on his bid for the
#Mets
but it's coming. Don't worry. I have talked to people invited to the bid submission party.🍾🥂
Maybe moneyball is the wrong word here. Sorry. I mean Steve Cohen will leverage any knowledge or talent at his disposal to give the
#Mets
an edge to win the World Series. Analytics is obviously a special talent of his. Cost will be no object.
It's being reported the
#Mets
will be sold for $2.35B with Cohen expected to buy 80% of the team. The Wilpons are keeping 5% ➕ some other minority owners are keeping stakes.
If that is the case, he will pay $1.7B out of pocket because he already owns 8%.
Steve Cohen isn't dealing directly with the Wilpons on his bid for the
#Mets
He did talk to them to clear the air before he made a bid. He wanted to make sure his bid wasn't DOA on arrival. He doesn't want to make the same mistakes as last time because he wants to win.
I re-confirmed.
@StevenACohen2
is new
#Mets
owner Steve Cohen's official account. A new era of transparency and accessibility for fans has commenced. Bravo! 🚀
That it has already leaked that Cohen will have a 30 day exclusive window to bid for SNY after the sale of the
#Mets
to him is finalized is more proof
#MLB
approval is in the bag 🎒The Wilpons and Cohen wouldn't be discussing SNY if it wasn't so. Relax. It's happening 🎊 🎊🎈🍾
De Blasio approval pertains more to where the
#Mets
will play their games. Cohen will resolve this shortly. The
#Mets
will play at Citi Field. I'm expecting all of you to buy me drinks there 🥂🍻🍹🍸🍷
I know many are wondering what a Cohen owned
#Mets
would look like. I don't think he will bring in family unless it's his son. Robert is a former Marine who served 2 tours in Afghanistan. In other words, he's the very opposite of the rather spoiled Jeff Wilpon.
I'm excited to teem up with Mark Cuban Cost Plus Drug Company to provide low cost
#medicine
to
#Holocaust
survivors.
@markcuban
responded to my request for help with alacrity. What a mensch! Check out the website for your own medication needs.
A current part owner of the
#Mets
tells me the team's situation is dire due to
#COVID19
They are facing big losses and capital calls which some of the owners can't pay. This makes Steve Cohen's offer to buy even more attractive
#MLB
Sandy Alderson will be chief operatinf officer. He will in effect replace Jeff Wilpon. You can let out a cheer now. Cohen will be chairman and CEO.
#Mets
#MLB
commissioner Rob Manfred said the sooner the better for Steve Cohen's approval by owners as the new
#Mets
owner. It's happening sooner than November 🎊🎉🎈
EXCLUSIVE: Casino billionaire Sheldon Adelson and private equity firm SilverLake join Harris Blitzer bid for
@mets
, creating real challenge for Steve Cohen
Manfred said @ an online event 4 Hofstra, "I think a change in ownership at the Mets is an opportunity to make that franchise as strong as it can possibly be, & I think over the long haul it’ll be something that will b good 4 the game." This indicates MLB approval is happening🎉
Cohen may be rich but he has eyes and is a baseball ⚾️ fan. He knows bringing Sandy Alderson on board shows he's bringing baseball people to the front office which shouldn't be a novel concept.
#Mets
Steve Cohen doesn't need the pre-approval from
#MLB
to bid because he's already privy to all the info that comes along with the ”approval” as a
#Mets
Limited Partner
Steve Cohen revels in his Darth Vader reputation, but understands he'll have 2 reassure
#MLB
owners he'll play fair. After his SEC troubles, he played golf with clients which was something he had previously avoided.This ownership hurdle for Cohen is nonexistent Don't worry
#Mets
There's no need to worry that Cohen will grow annoyed and walk away from this deal. He's not listening to the noise. Nothing is going to distract him from his lifelong dream of owning the
#Mets
The pre approvals from
#MLB
, if true, are very significant. It means the Wilpons are desperate to sell the
#Mets
quickly. It also means they don't have any tricks in their arsenal to delay a new control person from taking over.
I have confirmed
#MLB
commissioner Rob Manfred is calling the shots on the next steps in the
#Mets
sale. That means it will take time to move to the next round and finalize the sale.
@benjaminwittes
@gtconway3d
Please stop impressing us with who you know. A fine man doesn't force a young immigrant girl to wait for the second trimester to have an abortion
VP Kamala Harris scored a knockout. Harris effectively baited former president Donald Trump. My favorites included citing the Wharton School against his economic policy and saying 81M people fired him.
Cohen is buying an additional 72% of the team in a deal that values the team at $2.35B. He already owns 8%. He will then own a total of 80% of the
#Mets
It's happening! As I have repeatedly told you all Jeff Wilpon isn't involved in the decision making of the sale. Fred Wilpon and Saul Katz are calling the shots. This makes it very likely Cohen will be the next owner of the
#Mets
Steve Cohen can't officially take over the
#Mets
until the
#MLB
votes their approval at their Nov 11-14 meetings. The MLB needs that time to do a deep dive on his finances. No, they aren't going to vote by Zoom. Plans are for Cohen to make an in-person presentation before vote.
A Friday treat: Steve Cohen has withdrawn $1 billion from his firm Point72 ostensibly to buy the
#Mets
He had $8B of his own money invested in 2019; Now he has 7B there. He plans to borrow the rest of the purchase price since interest rates are so low. No questions until I return
🚨 A new poll of 600 voters by GBAO polling shows John Fetterman at 44%, Lamb at 19%, Kenyatta at 17% in the Democratic Senate primary in Pennsylvania. Fetterman has a 25 point lead with all voters. He is second after Kenyatta with African American voters while Lamb is 4th.
Here's a sign Steve Cohen is preparing to own the
#Mets
His Point72, which currently manages $10 billion, is closing to new investors next month. Mets fans say perfect timing.
If anyone knows if there is a run on an international banking system, it is a member of the Rothschild family. The Rothschilds have been at the forefront of international banking since the 18th century.
#Russia
#Banking
#RunOnRuble
@ryangrim
@JakeSherman
@IlhanMN
As someone who had pennies throw at them in middle school because I was
#Jewish
, the congresswoman is perpetuating stereotypes about Jews that are hurtful and harmful.
Please don't give the WH staffers who resigned today any credit. WH Counsel Pat Cipplone warned them to stay away from
#Trump
. He said, "You will be charged with sedition. Trump won't be.
Alexandra Cohen, Steve Cohen's wife, is Puerto Rican, but she's not Jenny from the Block. If the
#Mets
bidding war focuses on race, not 💰, it will become very ugly. The
#MLB
definitely doesn't want this.
I've talked to people close to the players who are part of Arod's
#Mets
bid.They tell me the bid is effectively over. Article is a last gasp to find a way to prevail using the media not 💰💰 Owners are capitalists with ice running through their veins not the desire to do right
While Steve Cohen may not take official control until November/December, he is hoping to negotiate a veto over major commitments during the period between when he wins the bid and officially takes over the
#Mets
A Rod and J Lo are having trouble raising money for their
#Mets
bid because they want to be the face of the franchise on other people's money. It seems it would be hard for them to bid $2 billion
BREAKING: New York City has no objections to Steve Cohen's purchase of the Mets, Bill de Blasio announces.
Steve Cohen has tied up all the loose ends. The deal is expected to close within days.
The big man himself has told associates he will shed his Darth Vader image to reassure the other
#MLB
owners that he will play fair. I'm not going going to lose the
#Mets
over this BS. Apparently, a leopard can change its spots. I have no other information at this time.
It's almost happening 🎊🎉🎈🍾 Cohen's bid has been approved by the ownership committee whose members include Reisendorf. They reviewed Cohen's finances & found no red flags. 2 more steps - A vote by the executive council and all the owners - to go
#Mets
Steve Cohen is a very deliberate guy. He chose to close his fund to new investors the same month he's persuading the
#MLB
to sell him the
#Mets
Not a coincidence.
In the next few weeks, we will find out if Bobby Axe of
#Billions
is really modeled after Steve Cohen. If he is, Cohen will find a way to stop JPM from extending the Wilpons' $250 million loan forcing a sale of the
#Mets
now.
#Mets
fans have suffered with an owner (Wilpons) who didn't have enough money to run the team. JLO's bid would have similarly crippled the team. Most of their bid was debt. How could they have afforded the $120M losses in 2020 and/or $60-70M in annual losses? 1
@ellencarmichael
Now more than ever, PLEASE for the love of God and our city make sure every single one of the gifts you're buying this holiday season comes from a local shop. Every single one.
It looks like Josh Harris is serious about buying the
#Mets
and not a bargain basement price. This is from part owners who have talked to him. He would be buying the whole team.
To celebrate Steve Cohen's bid for the
#Mets
tonight, here a picture of him with hair when he was treasurer of the ZBT chapter at
@Penn
aka a long time ago.
I'm in the process of confirming the 7 bids incl Steve Cohen for the
#Mets
The news today is
#MLB
has given permission for A-Rod to bid. It is true the best time to finalize a new bid is between the World Series and the end of the year, but that's not a hard & fast deadline.
To quote ABBA, the Wilpons are after money, money, money 💰💰💴💵💶💷💸💳 No one should have sleepless nights worrying that the Wilpons will take a lower bid for the
#Mets
The rest of the Wilpons don't care about Jeffrey Wilpon's personal antipathy towards Steve Cohen Theirs is a 💰 decision Most of the rest of the info in the article we already knew Harris was always a bargain hunter who probably reconsidered when he saw $247M loss
#Mets
#Mets
The reveal of the pro athletes doesn't change the numbers of A-Rod's
#Mets
bid. It's still below Cohen's. My sources are saying the pro athletes joining the A-Rod bid might be too many cooks ie egos spoil the broth. This would be an unwieldy ownership group.
If you are wondering where
#DonaldTrump
got the idea to end the
#CoronavirusPandemic
quarantines, stay at home orders. It came from the
#KochNetwork
These are 2 staffers of the network agitating for businesses to reopen.
They will be safe working at home.
The Mayor and Steve Cohen are playing hardball with each other. Cohen will offer more concessions and de Blasio will sign off. This is how the game is played. It's high stakes poker. Cohen is an excellent poker player. Don't worry!
Steve Cohen is interested in the
#Mets
not particularly SNY. He hasn't decided if it's worth including SNY in his bid. "I am a little busy with my day job." It has been impressed upon him that buying SNY might be the "safe not sorry" play.
I am quoted in
@thedailybeast
refuting this article's contention that
@Scaramucci
is planning to return to
#Trump
#WhiteHouse
Important to note the people who use their name deny the allegation while anonymous sources claim falsehoods
Good news for long suffering
#Mets
- The Wilpons may be the only ones that have to sell at bargain basement prices. That's fair. They are the ones who worked away from $2.6 billion.
Billionaire
#HowardShultz
refuses to mingle with the unwashed masses during his book tour stop in
#philadelphia
He has declined to sign books, but instead the books come with a signed nameplate. Even billionaire Erik Prince did the customary signing Springsteen allowed selfies
I know everyone is anxious to hear who won the auction after the bids are submitted 8/31. There probably will be leaks sooner. The official announcement will only come after the
#MLB
owners vote their approval and 👑 the new owner of the
#Mets
Guys, we have to take back every bad thing we said about JRod & thank 🙏 them. Their tactics sped up the timeline of the deal. Cohen, the Wilpons, and Allen were afraid the situation would devolve if they continued whining. It worked. The cat seems to have gotten their tongue.
Please don't listen to the reporters telling you Steve Cohen won't get
#MLB
approval. They're the same ones who told you Jeff Wilpon wouldn't sell to Cohen. Jeff wasn't even involved in the sale. Greenberg was Cohen's banker in his failed 2012 Dodgers bid
#Mets
#MetsTwitter