Mets deal with team owners to allow them to take on additional ownership
NEW YORK — The New York Mets and the New York Red Sox have agreed to merge their financial information systems.
The Mets, who own a controlling stake in the team, will retain full control of the team and its financial information system, according to a person with knowledge of the deal.
The Red Sox will retain a minority stake in their sports and entertainment properties.
The deal is expected to close in the coming weeks, the person said, asking not to be identified discussing confidential matters.
The deal is valued at roughly $1.5 billion, according the person.
The new owners are expected to include former Red Sox owner John Henry and former owner Howard Greenberg, who are both longtime friends of New York Yankees owner Hal Steinbrenner.
A person familiar with the deal said the new owners will also retain ownership stakes in the Brooklyn Dodgers, the Boston Red Sox and the Mets, as well as an interest in other sports.
The person spoke on condition of anonymity because the deal has not been officially announced.