The deal is reportedly worth $2.4 billion. This would make it the largest deal for a North American sports tem in history.
"I am excited to have reached an agreement with the Wilpon and Katz families to purchase the New York Mets," Cohen said in a statement.
Cohen will own 95 percent of the club, with the Wilpon and Katz families owning the remaining 5 percent. SNY is reportedly not part of the deal.
The transaction is subject to the approval of the MLB club owners.
Cohen grew up on Long Island, and is a lifelong Mets fan.
ALSO READ | Remembering Mets Hall-of-Famer Tom Seaver
----------
* More Queens news
* Send us a news tip
* Download the abc7NY app for breaking news alerts
* Follow us on YouTube
Submit a News Tip