[PGR88]

So he willingly sold a controlling stake, but somehow kept the thought in his mind he could keep control of business decisions and player trades?

How do such stupid people become so rich?

[nickcarraway]

The Wilpon brothers lost a lot of money to Bernie Madoff, so they had an agreement to sell the team to Steve Cohen. But after the deal was announced, the Wilpon brother announced they would still control the teams for 10 year after the sale.

Of course, Cohen said no to that, and the deal was called off. A few years later, they tried to sell the team again. There were several bidders, including Steve Cohen. The Wilpon brothers hated him by now, and did not want to sell to him, but he made the highest offer, by far, so they reluctantly sold the team to him.