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Mets sale to billionaire Steve Cohen approved by MLB owners

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The greatest wish of New York Mets fans around the world has finally been realized: The Wilpons will no longer be principal owners of their favorite team.

MLB owners approved the sale of the Mets to billionaire hedge fund manager Steve Cohen on Friday for a reported $2.4 billion.

Click here to read the story at sports.yahoo.com.

Discussion Questions:

  1. Why do you think the value of professional sports teams continues to rise?
  2. What factors might influence the value of a professional sports team?
  3. What is revenue?
  4. Why is revenue important to the financial health of a professional sports team?
  5. According to this story, will the Mets be profitable in the next two years?
  6. If the team is at risk of losing money, why would Mr. Cohen invest so much money to purchase the team?
  7. Why might leadership be important to help the Mets to become a winning organization on and off the field?
Chris Lindauer
After working for nearly a decade in professional sports, Chris Lindauer, formed Sports Career Consulting to provide unique sports business education opportunities in and out of the classroom. In the eighteen years (and counting) that followed, Chris has inspired thousands of students to pursue their passions and explore the career of their dreams. He currently lives in Portland, Oregon with his wife, two teenage daughters and their dog.

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