Yankees in Advanced Talks With Apollo Global Management for $3 Billion Financing Deal

1 minute ago

Yankees in Advanced Talks With Apollo Global Management for $3 Billion Financing Deal

Yankees in advanced talks to raise $3B from Apollo Global Management, per Bloomberg. The package is mostly debt with some equity via Apollo's sports unit. Funds will partly refinance existing debt, with the rest targeting growth. Yankee Global Enterprises, owned by the Steinbrenner family, also holds stakes in AC Milan and New York City FC.

By Tanish Chachra

Other articles from MLB

Vaughn Grissom Credits Mother For Versatility After Red Sox Shift

12 minutes ago

Vaughn Grissom Credits Mother For Versatility After Red Sox Shift

Grissom said position versatility became important because he admired players who moved around, and his mother pushed him to learn every spot. He said the Braves first used him at second and third before the Red Sox gave him first-base work last year. Grissom added that he even studies outfield reps to stay ready and help the team win.

By Tanish Chachra

MLB Threatens Restricted List For Players Declining Olympic Call

31 minutes ago

MLB Threatens Restricted List For Players Declining Olympic Call

MLB reportedly proposed discipline for players selected to their countries’ Olympic teams who decline without an exemption. The penalties could include fines and placement on MLB’s restricted list for 2-3 weeks. The proposal also says clubs, owners, agents and executives may not discourage players from participating, adding another labor flashpoint amid the salary cap fiasco.

By Tanish Chachra

about 1 hour ago

Pete Crow-Armstrong Backs England To Eliminate Lionel Messi

Crow-Armstrong said fans “never want to see Messi get eliminated from anything,” calling him “a joy to watch,” but backed England to end Argentina’s World Cup run on Wednesday. The Cubs outfielder said he wants England to “do it,” praising Jude Bellingham’s form and Harry Kane’s leadership as reasons he believes the Three Lions can reach the final.

By Tanish Chachra

Astros Prioritize Deadline Money In Lance McCullers Brewers Move

about 1 hour ago

Astros Prioritize Deadline Money In Lance McCullers Brewers Move

Bob Nightengale reported Houston’s McCullers trade is about clearing deadline money, not landing one of Milwaukee’s prized prospects. The Astros will pay down a chunk of the right-hander’s $17 million salary in the final year of his five-year, $85 million deal. McCullers waived his no-trade clause, giving the Astros more flexibility before the trade deadline.

By Tanish Chachra

Lance McCullers Waives No-Trade Clause As Astros Dump $17M Salary

about 2 hours ago

Lance McCullers Waives No-Trade Clause As Astros Dump $17M Salary

McCullers sports a 6.86 ERA in 39.1 innings this season. "McCullers, who waived his no-trade clause, is being paid $17 million this year in the final year of his 5-year, $85 million contract," per Bob Nightengale. He is 2-3 with 43 strikeouts in eight starts. "The Astros will pay down a chunk of the contract in this salary dump."

By Tanish Chachra

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