Yankees Land $2.6B Apollo Deal While Steinbrenners Keep Full Control

7 minutes ago

Yankees Land $2.6B Apollo Deal While Steinbrenners Keep Full Control

The Yankees will get $2.6 billion from Apollo Sports Capital in a major deal, while the Steinbrenner family will keep full control of the franchise. The move shows the rise of private cash in MLB, giving New York fresh financial power without giving up control. Apollo’s funds will support Yankee Global Enterprises and its long-term growth plans and future needs.

By Abhay Aggarwal

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