Yankees secure $2.6 billion deal with Apollo investment fund

The New York Yankees have finalized a $2.6 billion agreement with Apollo’s sports investment arm, announced on August 11, 2026. This significant deal is structured around debt financing and includes an equity component. Proceeds will be allocated for franchise growth and to refinance existing debt, enhancing the Yankees' financial position. Despite the size of the deal, the Steinbrenner family will maintain full control of the team, which is valued at over $9 billion. The Yankees remain a cornerstone brand in professional sports, backed by a storied historical legacy.

• 1:51 PMYahoo Sports — Yankees receive $2.6 billion from private equity fund in new deal