Randy Levine on Yankees PE Deal & Protect College Sports Act
Randy Levine discusses how the Yankees' $2.6 billion Apollo deal came together.
The New York Yankees recently secured a $2.6 billion financing deal with Apollo. President Randy Levine discussed this and other topics, including the Protect College Sports Act, which has been voted on bipartisanly in the Senate.
The Act has faced pushback from agents, athletes, and the Congressional Black Caucus, with some schools lobbying against it due to provisions limiting conference realignment. According to Levine, some schools, such as Florida State and Miami, are fighting against the bill, but he believes they are unlikely to succeed in changing it to their advantage.
Levine, who is also the vice-chair of President Donald Trump's Saving College Sports roundtable, stated that even if the schools succeed in removing the provision, the two richest conferences, the Big Ten and the SEC, have no plans to expand. The SEC has previously stated its satisfaction with its current 16 members, according to Commissioner Greg Sankey.
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