Dec. 5 (UPI) -- Billionaire Steve Cohen is negotiating an agreement to increase his investment in the New York Mets, putting a timeline on the Wilpons' control of the team as majority owners.
Sterling Partners -- the company that runs the Mets -- released a statement Wednesday confirming the negotiations. Sources told the New York Times, Forbes and Bloomberg that Cohen is working to purchase a controlling stake of 80 percent of the franchise.