Overview
- The New York Yankees and Apollo Global Management are in advanced but unfinished talks for a $2 billion to $3 billion debt‑and‑equity package, Bloomberg and other outlets reported Wednesday.
- The funds would be invested in Yankee Global Enterprises to refinance existing debt and to buy out some limited partners.
- The Steinbrenner family is expected to keep operational control of the team, with any Apollo stake structured to comply with MLB rules that cap private‑equity funds at 15% per fund and bar institutional majority owners.
- Apollo has built a dedicated sports fund and completed large deals such as the acquisition of Atlético Madrid, and the firm reported about $1.03 trillion in assets under management as of March 31.
- The Yankees are valued near $9 billion to $9.4 billion and hold stakes in the YES Network, AC Milan and New York City FC, facts that will shape how much capital is raised and how proceeds are used for refinancing and partner buyouts.