N.Y. Yankees Near Deal Giving Apollo 16% Stake in Storied Franchise

N.Y. Yankees near deal giving Apollo 16% stake in storied franchise

Apollo set to take major stake in Yankees, making team most valuable in baseball

The Yankees are nearing a deal that would eventually hand a whopping 16% stake in the venerable franchise to private equity giant Apollo Capital Management.

New Yankees Rumors on Sale of Minority Stake, Valuation amid $2.6B Deal with Apollo

One month after the New York Yankees announced a $2.6 billion financing deal with private equity firm Apollo Sports Capital, more details about the agreement have come out.

Steinbrenner Family Selling 4% Yankees Stake in Apollo Deal

The Steinbrenner family is selling at least 4% of the New York Yankees’ parent company as part of the previously announced $2.6 billion financing injection from Apollo Global Management, according to multiple people familiar with the details. The Apollo investment is a combination of debt and equity in Yankee Global Enterprises (YGE), and the Steinbrenners […]