“And He Still Couldn’t Afford Correa” – Billionaire Steve Cohen’s Huge Windfall Matching His New York Mets Purchase Fails to Impress MLB Fans

New York Mets owner Steve Cohen is facing some heat for his hedge fund, Point72 Asset Management. The company reaped an eye-popping amount of profit despite economic headwinds in 2022. Cohen has gained a reputation for his slightly reckless spending in acquiring players for his team. The entrepreneur bought 97.2% ownership of the Mets in September 2020, and since then, he has spent large amounts of money on players.

Cohen founded Point72 in 2014 after his last firm, S.A.C. Capital Advisors were investigated on grounds of insider trading. S.A.C. itself pleaded guilty to the charges and ceased to exist by 2016. As settled in the court agreement, Cohen was forbidden from managing outside money for two years. Now his second company seems to be facing some mocking comments.

Fans roast Steve Cohen for the unexpected profits his hedge fund made

For those unversed, windfall means gaining surprisingly large amounts of profits. Notably, Point72 Asset Management made $2.4 billion from investors last year, which was exactly the amount he paid for the Mets. When Jon Heyman pointed out this fact on Twitter, fans erupted into comments on Cohen’s skills as a businessman. Some also referred to the part he played in the scandal of his previous company.

Amid all the hate, some people also applauded the hedge fund owner for being a smart New Yorker who knows what he’s doing.

Mets fans want Cohen to acquire new and better players

Some Twitter users also referred to the fact that now the 66-year-old has more capital to bring in more players. Some want the LA Angels’ Shohei Otani while some are campaigning for Manny Machado of the San Francisco Giants. And people weren’t shy of reminding Cohen of the Carlos Correa disaster that took up much of the news late last year.

READ MORE – Billionaire Steve Cohen Drops Unexpected News on the Carlos Correa Situation: “…One Way or the Other”

Correa was in talks with the Mets after a failed deal with the Giants, but ultimately the Mets didn’t choose Correa either. They assumed the reason to be a failed physical and concerns over the Puerto Rican player’s surgically repaired right fibula. Popularly dubbed as the Carlos Correa saga, the story finally ended when Correa resigned with the Minnesota Twins.

WATCH THIS STORY – From Steve Cohen to Hal Steinbrenner, MLB Team Owners With The Highest Net Worth in 2022

Now that Steve Cohen has made significant amounts of money once again, maybe the Mets fans’ wishes will be fulfilled for the next season.