Yankees secure $2.6 billion financing deal with Apollo Sports Capital

The New York Yankees have entered a $2.6 billion financing agreement with Apollo Global Management. This deal will allow the Yankees to refinance existing debt and explore new growth opportunities while maintaining family control, with Hal Steinbrenner remaining managing general partner. The franchise is currently valued between $8.5 billion and $9 billion. Apollo's investment side will be involved, though MLB regulations limit private equity ownership to 15% of team equity. This partnership also supports the Yankees’ parent company, which includes AC Milan, NYCFC, and the YES Network.

• 2:46 PMYahoo Sports — Yankees, Apollo Sports Capital agree to $2.6B financing deal