The owners of the New York Mets are in talks to sell up to 80% of the Major League Baseball team to billionaire Steve Cohen, who is already an investor in the club, according to person familiar with the matter.

The transaction would value the team at a baseball-record $2.6 billion, said the person, who asked not to be identified because the discussions are private. The Mets confirmed the talks in a statement.

The move would put a sometimes-controversial Wall Street figure in charge of a team that’s long sat in the shadow of the New York Yankees.