{"id":297190,"date":"2026-07-16T00:23:24","date_gmt":"2026-07-16T00:23:24","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/297190\/"},"modified":"2026-07-16T00:23:24","modified_gmt":"2026-07-16T00:23:24","slug":"new-york-yankees-and-apollo-what-to-know-about-private-equity-talks","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/297190\/","title":{"rendered":"New York Yankees and Apollo: What to Know About Private Equity Talks"},"content":{"rendered":"

\n\tThe New York Yankees<\/a> and Apollo Global Management<\/a> are in talks for the alternative asset manager to inject between $2 billion and $3 billion into the MLB club. It would be a combination of debt and equity, according to multiple people familiar with the details.<\/p>\n

\n\tThe Yankees and Apollo did not respond to requests to comment on the talks. Bloomberg was the first to report the discussions.<\/p>\n

\n\tThe investment would be in the Yankees parent company, Yankee Global Enterprises (YGE). YGE\u2019s assets also include 10% of Serie A\u2019s AC Milan, 10% of MLS\u2019 New York City FC<\/a>, about 16% of hospitality company Legends and 26% of regional sports network YES Network<\/a>.<\/p>\n

\n\tThe funds would be used partly to refinance existing debt, with the equity component directed towards buying out some limited partners. The Steinbrenner family will maintain their control of YGE and the Yankees. MLB\u2019s private equity rules<\/a> cap investment at a 15% of a franchise.<\/p>\n

\n\tThe Yankees topped Sportico\u2019s March MLB team valuations<\/a> for the sixth straight year at $9.4 billion, including their stake in the YES Network and other related businesses. The Bronx Bombers ranked No. 7 among all global sports franchises<\/a>.<\/p>\n

\n\tApollo had $1.03 trillion in assets under management as of March 31. Last year, it launched its new sports fund led by CEO\u00a0Al Tylis, co-portfolio managers Rob Givone and Lee Solomon, and chief strategy officer Sam Porter.<\/p>\n

\n\tThe fund had already invested in the Mutua Madrid Open and Miami Open tennis tournaments, in partnership with Ari Emanuel and Mark Shapiro. Its biggest swing was buying control<\/a> of LaLiga club Atl\u00e9tico Madrid at a $2.5 billion valuation; the deal closed in March.<\/p>\n

\n\t\u201cIn addition to deploying the $6 billion or so in the Sports Capital Fund, I believe this ecosystem will generate $30 billion to $50 billion of origination opportunities,\u201d Marc Rowan, Apollo\u2019s co-founder and CEO, said during a February conference call to discuss the firm\u2019s fourth-quarter results. Origination opportunities refer to possible deals where Apollo may invest or provide loans.<\/p>\n","protected":false},"excerpt":{"rendered":"The New York Yankees and Apollo Global Management are in talks for the alternative asset manager to inject…\n","protected":false},"author":2,"featured_media":297191,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[7483,9,24,402,55,54,321,56,14668],"class_list":["post-297190","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-apollo-global-management","tag-new-york","tag-new-york-city","tag-new-york-city-fc","tag-new-york-city-headlines","tag-new-york-city-news","tag-new-york-yankees","tag-ny","tag-yes-network"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/297190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=297190"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/297190\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/297191"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=297190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=297190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=297190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}