New York Yankees secure $2.8 billion financing deal with Apollo Global Management
2 sources • 1 min read • Latest: Aug 13, 2026, 2:22 PM
Last updated Aug 13, 2026
The New York Yankees announced a $2.8 billion financing agreement with Apollo Global Management on August 11. This deal includes a combination of credit and equity, as well as refinancing existing debt. It marks Apollo's largest investment in U.S. sports to date, following their acquisition of Atlético Madrid. The Steinbrenner family will retain full ownership of the franchise, while Apollo's Al Tylis will join the board of Yankee Global Enterprises.
- •The deal consists of a mix of credit and equity.
- •Apollo's investment is their largest in U.S. sports.
- •Yankees valued at approximately $8.5 billion to $9 billion.
- •Al Tylis of Apollo will join the Yankees board.
- •The agreement is set to close imminently.
- 2:22 PMYahoo Sports — New York Yankees Secure Nearly $3 Billion in Financing in Historic Deal
- 2:20 PMYahoo Sports — New York Yankees Make Historic Move With Nearly $3 Billion Financing Deal
"Apollo Global Management Inc., a major American asset management firm, announced a $2.8 billion financing agreement with the New York Yankees on Tuesday, August 11. Bloomberg first reported in July that Apollo Global Management — which became the majority shareholder of Spanish professional football club Atlético Madrid in 2025 — had been looking to specialize […]
"The most winning franchise in baseball has made history again. The New York Yankees announced a $2.8 billion financing agreement with Apollog Global Management Inc., a major American asset management firm, on Tuesday, August 11. The terms of the agreement, which is expected to close imminently, will comprise a mix of credit and equity, as […]
Sources
External links- Yahoo SportsAug 13, 2026, 2:22 PMNew York Yankees Secure Nearly $3 Billion in Financing in Historic Deal
The most winning franchise in baseball has made history again. The New York Yankees announced a $2.8 billion financing agreement with Apollog Global Management Inc., a major American asset management firm, on Tuesday, August 11. The terms of the agreement, which is expected to close imminently, will comprise a mix of credit and equity, as […]
- Yahoo SportsAug 13, 2026, 2:20 PMNew York Yankees Make Historic Move With Nearly $3 Billion Financing Deal
Apollo Global Management Inc., a major American asset management firm, announced a $2.8 billion financing agreement with the New York Yankees on Tuesday, August 11. Bloomberg first reported in July that Apollo Global Management — which became the majority shareholder of Spanish professional football club Atlético Madrid in 2025 — had been looking to specialize […]
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