Steve Cohen has a message for Mets fans — “I gave it my best shot.”
The billionaire hedge fund manager released a statement on Thursday night, with his deal to buy the Amazins dead after discussions with the Wilpons fell apart.
“I’m very disappointed we couldn’t work out a deal,” Cohen wrote. “But as an 8% holder I’m looking forward to a higher bid for the team.”
Cohen’s bid to buy 80 percent of the team in a $2.6 billion deal was beset by questions regarding operational control over a five-year period. When neither he nor the Wilpons could agree, it signaled the end of discussions.
“I want to thank the fans for their support and the respect they showed me and I want to thank Commissioner [Rob] Manfred and MLB for their support through the process,” Cohen wrote.
The Mets released a statement on behalf of Sterling Partners, the Wilpons’ entity which owns the Mets, shortly after Cohen on Thursday.
“The transaction between Sterling and Steve Cohen was a highly complicated one. Despite the efforts of the parties over the past several months, it became apparent that the transaction as contemplated would have been too difficult to execute. Sterling intends to now pursue a new transaction and has engaged Allen & Company to manage that process.”