A Mammoth $1.2Billion Fine Failed to Stop Steve Cohen From a Ridiculous Splurge Long Before New York Mets Takeover
Follow Us
Ever since Steve Cohen toppled Alex Rodriguez and Marc Lore in the New York Mets ownership auction, the hedge fund manager became the richest and most opulent owner in Major League Baseball, with a net worth of almost $17 billion. But long before that, in 2013, Steve Cohen found himself at opposing ends with the law, and despite being guilty, his demeanor failed to display an ounce of guilt.
Moreover, even though Cohen faced a gigantic $1.2 billion fine, his ensuing actions at an art house seemed unhindered by apprehension. But in all fairness, did anyone expect better?
Shameless Steve’s ostentatious shopping spree
ADVERTISEMENT
Article continues below this ad
Back in 2013, as reported by Page Six, Steve Cohen’s SAC Capital firm pleaded guilty to insider trading. As a result, Cohen received an enormous $1.2 billion fine, but for someone who’s a multi-billionaire, putatively, the fine didn’t make a very big amend in his life.
The Mets have committed $800 million in free agency.
Their payroll next year will be nearly $500 million, including $110 million in luxury tax payments.
And since 50% of the luxury tax money goes to other teams, Steve Cohen will pay other MLB teams $55 million in 2023.
Insane. pic.twitter.com/3pCNt6vqic
— Joe Pompliano (@JoePompliano) December 21, 2022
Steve Cohen immediately headed to a few luxurious art galleries, to spend some more of his money alongside art adviser Sandy Heller. He visited the galleries of David Zwirner and Barbara Gladstone. And the future New York Mets owner also snapped at a Gladstone director, saying, “OK,OK, so gimme the spiel.” His presence at these art galleries attracted a mass of negative traction and the title of “shameless.”
Trending
Meet Dr. McKenzie Dirr, Wife of 2023 World Series Champion Jordan Montgomery
January 08, 2024 06:02 PM EST
“He Was Overswinging”: Shohei Ohtani’s Poor Start to the Season Decoded By Former World Series Champion
April 19, 2024 03:00 PM EDT
Yankees Slugger Gleyber Torres Ignores New York Tremors, Continues Batting Practice Amidst Unexpected Earthquake
April 05, 2024 07:30 PM EDT
Who is Corey Seager’s Wife Madisyn Seager: Background, Ethnicity, Profession
November 01, 2023 03:53 AM EDT
Controversial Umpire Angel Hernandez’s Salary; How Much Does the Cuban-American Earn?
April 17, 2024 11:00 PM EDT
Get instantly notified of the hottest MLB stories via Google! Click on Follow Us and Tap the Blue Star.
Follow Us
Another gallery visitor passed a snarky comment on Steve Cohen, and lauded, “That is called having no shame.”
Who follows Steve Cohen on the list of the richest MLB owners?
As reported by Rookie Road, following Steve Cohen at $17 billion, is an entire company named Rogers Communications which stands behind the ownership of the Toronto Blue Jays with a combined net worth of $11 billion.
ADVERTISEMENT
Article continues below this ad
The New York Yankees, considered one of the most iconic franchises in Major League Baseball (MLB), is owned by Hal Steinbrenner, who ranks 10th on the Rookie Roads list with a net worth of $3.8 billion.
In terms of the Subway Series, which pits the Yankees against the New York Mets, it is interesting to note that Hal Steinbrenner’s team is not necessarily the wealthier of the two. This fact is often used as a taunt by Yankees fans against the Mets.
ADVERTISEMENT
Article continues below this ad
Watch this story: From Steve Cohen to Hal Steinbrenner- MLB team owners with the highest net worth in 2022
Written by:
