Apollo Sports Capital Is Taking a 16% Stake in the New York Yankees in a $2.6 Billion USD Deal

SummaryThe New York Yankees are selling a minority equity stake to Apollo Sports Capital as part of a $2.6 billion financing dealThis transaction values Yankee Global Enterprises at significantly more than $12 billionSteinbrenner family members will maintain over 60 percent ownership of the clubThe New York Yankees announced a $2.6 billion USD financing deal with Apollo Sports Capital. This transaction involves a strategic combination of debt and equity in Yankee Global Enterprises. It resets th...