Add new Mets owner Steve Cohen to the long list of people who are being impacted by the sudden spike in GameStop’s stock.
Steve Cohen had to bail out Melvin Capitol after they made a large bet against GameStop. Little did they know, they were going up against a Reddit community of new investors who drove the price of the stock through the roof.
Now, fans are worried that Cohen’s bailout may affect roster decisions for the Mets upcoming season.
New Mets owner Steve Cohen had to bail out Melvin Capital because a bunch of stock trading kids on Reddit massively pumped up GameStop, putting Melvin's $13 billion at risk of disappearing.
If that leads to the Mets cutting payroll, it would be the most Mets story ever.
— Mike Masnick (@mmasnick) January 27, 2021
Steve Cohen has taken to Twitter to try to squash the notion that this will affect the Mets payroll situation in any way.
“Rough crowd on Twitter tonight.Hey stock jockeys keep bringing it,” Cohen wrote.
Rough crowd on Twitter tonight.Hey stock jockeys keep bringing it
— Steven Cohen (@StevenACohen2) January 27, 2021
When a fan pressed him on if the GameStop debacle will hurt the team, Cohen replied, “Why would one have anything to do with the other.”
Why would one have anything to do with the other
— Steven Cohen (@StevenACohen2) January 27, 2021
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It seems like Steve Cohen will be just fine despite the whole GameStop story. Upon Cohen’s arrival, the Mets have fully entered “buy” mode which has led to the team acquiring Francisco Lindor and James McCann. They have also expressed interest in top free agent Trevor Bauer.
Mets fans are wired to think that anything that can go wrong will go wrong for the team. Fortunately, Steve Cohen appears to be the right guy to lead the organization.
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