The sale of the New York Mets was recently scrubbed because of one owner’s compulsion to retain operational control.  This is a cautionary Business Lesson Found for owners of both family and non-family businesses.

Hedge fund billionaire Steve Cohen offered $2.6 billion to purchase an 80% stake in the struggling Mets.  This was welcome news to some in the Wilpon family who have shares in the team but have grown increasingly frustrated with the meager results under the eccentric management style of Mets’ COO Jeff Wilpon. (more…)