Last April Steven Cohen — a bald man with glasses and thus, with the exception of having eight billion dollars to his name, is like me in most respects — was reported to be interested in buying into the Mets. Then that all went away as he got involved in the bidding for the Los Angeles Dodgers.
But guess what? He still wants that minority stake in the Mets, and according to the Los Angeles Times, he is on the verge of getting that stake:
Steven Cohen, the billionaire investor trying to buy the Dodgers, is on the verge of becoming a minority owner in his hometown New York Mets. The deal would not preclude Cohen from pursuing the Dodgers, according to two people familiar with the transaction but not authorized to discuss it.
Not surprisingly, a hedge fund guy is hedging his bets. If he gets the Dodgers, he owns the Dodgers. If he doesn’t, he has his foot in the door and is through the approval process with Major League Baseball in the event that the Mets are sold outright.
In that case — assuming the team isn’t in bankruptcy — the blessing of Major League Baseball will be way more important than almost anything. And having given Bud Selig’s best buddy Fred Wilpon $20 million to tide him over will certainly put Cohen in Selig’s good graces.
But if he gets the Dodgers, he will have to sell that Mets stake. Which seems like it’d be difficult. But I guess we can file that under Billionaire Hedge Fund Manager Problems.
Bad news for the Cubs’ Yu Darvish: The right-hander is headed back to the disabled list with right triceps tendinitis, the team announced Saturday. It’s the second such assignment for Darvish this season, but the first time he’s been sidelined with arm issues. Neither the severity of his injury nor a concrete timeframe for his recovery has been revealed yet, but the move is retroactive to May 23 and will allow him to come off the DL by June 2, assuming all goes well.
Prior to the injury, Darvish went 1-3 in eight starts with a 4.95 ERA, 4.7 BB/9 and 11.0 SO/9 through 40 innings. Needless to say, these aren’t the kind of results the Cubs were hoping to see after inking the righty to a six-year, $126 million contract back in February, though the circumstances affecting his performances appear to have largely been out of his control. He missed a start in early May after coming down with the flu and has struggled to pitch beyond the fifth inning in five of his eight starts to date.
The Cubs recalled left-hander Randy Rosario from Triple-A Iowa in a corresponding move. Rosario has yet to amass more than five career innings in the majors, but has impressed at Triple-A so far this year: he maintained an 0.97 ERA, 2.8 BB/9 and 6.1 SO/9 through 19 1/3 innings in 2018. As for Darvish’s next scheduled turn in the rotation, Tyler Chatwood is lined up to take the mound when the Cubs face off against the Giants in the series finale on Sunday. A starter for Monday night’s game has yet to be determined.