Breathe Easy New York Mets Fans - GameStop Drama Won't Sink Team: Sport of Money

Publish date:
Video Rating:
Video Duration:

New York Mets fans can rest easy, Steve Cohen's involvement with one of the hedge funds that is losing money on GameStop's  (GME) - Get GameStop Corp. Class A Report unprecedented climb shouldn't affect the Major League Baseball club's operations, according to Sportico's Brendan Coffey. 

Steve Cohen's vast wealth, which sits at about $14 billion, should insulate him from any significant losses, though Cohen's Point72 Asset management hedge fund helped recapitalize Melvin Partners to the tune of $750 million. 

Check the video above for the full conversation.

Latest Videos From TheStreet and Jim Cramer:

Related Videos