Major League Baseball’s season is suspended, but one pre-pandemic baseball event is still at least formally ongoing: the sale of the New York Mets.



On Feb. 10, the Mets announced Steve Cohen’s $2.6 billion agreement to buy the team was off, but the sales effort continued. The statement did not address why the Mets and Cohen disagreed over who had control during the deal’s five-year waiting period for the hedge fund titan to take over.



A month later the lockdowns began, the stock market cratered — wiping away billions of dollars in losses for prospective buyers — and putting the kibosh on corporate mergers and acquisitions activity. One would assume that would end the Mets sale for now, but it hasn’t.



Sports investment bankers say that the team’s adviser, Allen & Co., is still calling around trying to drum up business. And the team formally says its Feb. 10 statement is intact.



“Nothing further than...