Steve Cohen has taken the next step in finalizing a deal to purchase the New York Mets.

Cohen was approved by Major League Baseball's Ownership Committee on Tuesday. He received seven of the eight possible votes from the committee.

He will next have to pass the test of the Executive Committee, and then will be subject to a vote from the other 29 owners.

Cohen agreed earlier this year to purchase 95 percent of the Mets in exchange for $2.42 billion.