Apollo Sports Capital invests $2.6bn in New York Yankees’ parent company
TOP STORY: Apollo Sports Capital has agreed a $2.6bn investment in Yankee Global Enterprises, providing the owner of the New York Yankees with fresh capital to reduce debt and pursue new commercial opportunities, according to a report by Reuters.
Apollo Sports Capital has committed a $2.6 billion investment in Yankee Global Enterprises, the parent company of the New York Yankees, according to a Reuters report. This infusion of capital aims to help the Yankees reduce debt and explore new commercial opportunities. The investment enables Yankee Global Enterprises to refinance or retire a significant portion of its current debt while giving the group more financial resources to invest in new ventures.
The Steinbrenner family maintains control over the Yankees, with Hal Steinbrenner still serving as the franchise's managing general partner. The investment details, including the exact size of Apollo's ownership stake, have not been disclosed. Notably, Major League Baseball regulations cap any single private equity fund's interest in an MLB franchise at 15%.
This investment places a higher value on the Yankees than Forbes' earlier estimate of $8.5 billion. The transaction includes Yankee Global Enterprises and its diverse portfolio of sports and media assets, which also encompasses the YES Network, a portion of Major League Soccer's New York City FC, and a stake in Italian football club AC Milan.
Apollo Sports Capital is the sports-focused investment division of Apollo Global Management, which oversees nearly $1 trillion in assets under management. Apollo has recently expanded its reach in international football by becoming the majority investor in Spanish club Atlético Madrid in 2025.
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