Hits: 1

A group headed by Doubleday & Co. purchases the New York Mets from the family of Joan Whitney Payson for $21.1 million, setting a record for the highest price paid to buy a baseball club at that time. Heading up the new ownership group is CEO Nelson Doubleday Jr. and real estate investor Fred Wilpon. In looking to turn the team’s fortunes around, the pair of new owners hire Frank Cashen, who previously ran the Baltimore Orioles as the Mets’ new General Manager.

For more see Barstoolsports