MLB increases private equity ownership limit to 20%

MLB owners approved a change this summer to raise the private equity ownership limit for teams to 20%, up from 15%. The decision aligns MLB with the NBA, which has a similar cap unless the controlling owner holds less than 20%. This change allows for more investment opportunities, as nearly 10 MLB teams have already incorporated private equity investments. For instance, Apollo Sports Capital previously invested $2.6 billion into the Yankees. The revised policy does not limit how many teams a single private equity firm can invest in, as long as each stake is 20% or less.

• 1:20 AMYahoo Sports — MLB Raises Private Equity Ownership Limit to 20%