MLB: Apollo Sports Capital enters into $2.6bn financing agreement with New York Yankees

Apollo Sports Capital (ASC), a sports and live entertainment investment firm affiliated with US asset manager Apollo Global Management, has entered into a $2.6bn (€2.25bn) financing deal with Yankee Global Enterprises (YGE), the holding company that owns the New York Yankees (MLB), the investment firm announced on 11 August 2026.

"The financing agreement is a mix of credit and equity, with proceeds supporting the continued growth of the Yankees franchise as well as refinancing of existing debt. The transaction is expected to close imminently," Apollo Sports Capital said.

The breakdown between debt and equity, as well as the stake to be acquired by Apollo Sports Capital, have not been disclosed. MLB regulations limit the stake that a single private equity fund can hold in a franchise to…