TestenGOLD- Free

The Rookie

New York magazine|November 06 - 19, 2023
Billionaire hedge-funder STEVE COHEN is used to getting what he wants. His time as Mets owner and  casino bidder is teaching him what money can’t buy.
- ANDREW RICE
The Rookie

TO ITS OWNER, a sports team is more than just a plaything. If you happen to have the billions it takes to acquire one, you presumably have a near-infinite number of ways to spend your money. By buying a team, an owner can reveal their inner winner—or make people forget how they made all that money in the first place. Thus, a shipbuilder and Watergate bit player named George Steinbrenner could take over the Yankees and turn himself into The Boss. If his dad had never bought the Knicks and the Rangers, Jim Dolan would just be an angry guy who used to own a cable company. An owner gets to play fantasy in real life, going to work at a park. And what other trophy asset can end up yielding an actual trophy?

If everything had gone according to plan, Steven A. Cohen might have been parading down the Canyon of Heroes this month. When he purchased the New York Mets in 2020 for a record-setting price of $2.4 billion, Cohen promised to restore his favorite team from childhood to glory, saying he would be disappointed if he did not bring it another World Series within “three to five years.” He then assembled the highest-paid roster in baseball history. The ecstatic Mets nation treated the richest man in baseball like he was a free-spending folk hero. At 67, Cohen, a Stamford-based hedge-fund manager, has $14 billion according to Bloomberg, or maybe $19 billion if you believe Forbes, but at any rate, a whole lot of money—seemingly more than enough to procure a championship. Some fans took to calling him “Uncle Steve,” a nickname that seems to please the proprietor.

Diese Geschichte stammt aus der November 06 - 19, 2023-Ausgabe von New York magazine.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 9.500 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der November 06 - 19, 2023-Ausgabe von New York magazine.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 9.500 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS NEW YORK MAGAZINEAlle anzeigen
'We're Running Out of Mansions'
New York magazine

'We're Running Out of Mansions'

How The Gilded Age makes absurdly low-stakes period drama into must-watch television.

time-read
8 Minuten  |
June 16-29, 2025
THIS SUMMER WE'RE EATING IN GROCERY STORES
New York magazine

THIS SUMMER WE'RE EATING IN GROCERY STORES

They're more affordable, more flexible, and a lot more fun than restaurants right now. HERE ARE THE 65 BEST SPOTS TO GET STARTED.

time-read
10+ Minuten  |
June 16-29, 2025
What a Cosmetic Chemist Buys at the Drugstore
New York magazine

What a Cosmetic Chemist Buys at the Drugstore

WE ASKED Dr. Julian Sass, the creator of a viral sunscreen database and an expert fact-checker of product claims, about the most effective items he routinely picks up.

time-read
1 min  |
June 16-29, 2025
Alfargo's Marketplace
New York magazine

Alfargo's Marketplace

On a recent Friday night, shoppers (and sellers) parsed through vintage pieces at the pop-up menswear bazaar held at NeueHouse.

time-read
2 Minuten  |
June 16-29, 2025
Attention Seeking
New York magazine

Attention Seeking

Amid a growing awareness of our dwindling ability to focus, people are trying to reverse the damage, with mixed results.

time-read
6 Minuten  |
June 16-29, 2025
The Emancipation of Addison Rae
New York magazine

The Emancipation of Addison Rae

The TikTok star's debut album breaks with the past.

time-read
4 Minuten  |
June 16-29, 2025
Play on Words
New York magazine

Play on Words

A Eurydice production that’s lush with language.

time-read
3 Minuten  |
June 16-29, 2025
Appealing Pieces for Petite Balconies
New York magazine

Appealing Pieces for Petite Balconies

Designers and tasteful apartment dwellers share the furniture that has made their tiny outdoor spaces worthy of spending time in.

time-read
1 min  |
June 16-29, 2025
E. JEAN CARROLL'S UNEASY PEACE
New York magazine

E. JEAN CARROLL'S UNEASY PEACE

IN THE YEAR AND A HALF SINCE DEFEATING TRUMP IN COURT FOR THE SECOND TIME, SHE'S WRITTEN A NEW BOOK—KEPT SECRET, UNTIL NOW—AND PLOTTED HER LEGACY.

time-read
10+ Minuten  |
June 16-29, 2025
Everyday People Brian Wilson and Sly Stone were musical innovators.That's where their stories diverged.
New York magazine

Everyday People Brian Wilson and Sly Stone were musical innovators.That's where their stories diverged.

THE VAST MAJoRITY of humans alive now aren't old enough to feel the shell shock from the musical paradigm shifts of the 1960s.

time-read
5 Minuten  |
June 16-29, 2025

Wir verwenden Cookies, um unsere Dienste bereitzustellen und zu verbessern. Durch die Nutzung unserer Website stimmen Sie zu, dass die Cookies gesetzt werden. Learn more