If my math is right:

1st deal - Steve Cohen would’ve spent $2.6 billion for 80% of the #Mets, valuing the franchise at $3.12 billion.

2nd deal: Cohen pays $2.42 billion for 87% (he already owned 8%.) That values it at $2.73 billion.

Cost Wilpons $371 million. Ouch.

— Chris Carlin (@ChrisCarlin) September 15, 2020