Meet the investor quietly buying into the Yankees, soccer and Broadway
A fast moving investor and his firm have spent the past year buying into some of the biggest names in sports and entertainment, from the New York Yankees to soccer and Broadway theater.
Robert Givone, a partner at investment firm Apollo, is quietly investing in a variety of high-profile franchises and venues, including the New York Yankees, soccer team Atlético de Madrid, and Broadway theaters. Givone leads Apollo's sports-focused arm, Apollo Sports Capital, which has built ownership stakes in these organizations over the past year.
The most notable investment was a 2.6 billion dollar deal to bring outside capital into the Yankees, with Givone joining the team's board. Meanwhile, Apollo also reached an agreement to become a majority shareholder in Atlético de Madrid, while Mari, an events company backed by Apollo, will purchase ATG Entertainment, which manages 17 theaters across New York and London.
Written by urgent.news from Yahoo Sports's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
