The New York Mets said in a statement on Thursday they intend to find another buyer after talks ended over the proposed sale of a controlling share of the team to Steve Cohen.

On Dec. 4, the Mets said the contemplated deal between Sterling Partners and Cohen would have allowed Fred Wilpon to remain controlling owner and chief executive officer for five years. His son Jeff would have remained chief operating officer during that time as well.

"Despite the efforts of the parties over the past several months, it became apparent that the transaction as contemplated would have been too difficult to execute," the team said.