Dan Barbarisi
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Deputy Managing Editor at @TheAthletic. Ex-WSJ reporter. Author of Dueling with Kings (2017) and Chasing the Thrill (2021). Order CTT: bit.ly/33sJr7b
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Yankees Secure $2.6 Billion Investment From Apollo Global Management
Yankee Global Enterprises has secured a $2.6 billion capital infusion from Apollo Sports Capital, an arm of New York-based Apollo Global Management. The transaction combines debt and equity financing, allowing the New York Yankees to refinance or retire much of their existing debt while pursuing new business ventures. The Steinbrenner family will retain full control of the organization, with Hal Steinbrenner remaining as managing general partner.
Yankees receive $2.6 billion in deal with private equity fund
The New York Yankees have received a massive capital infusion via a deal with an arm of Apollo Global Management, a New York-based asset management firm. Yankee Global Enterprises is receiving $2.6 billion from Apollo Sports Capital. The deal, announced Tuesday, is a mix of debt and equity and will allow the Yankees to refinance or retire much of their existing debt, and then pursue new ventures.
Yankees receive $2.6 billion in deal with private equity fund
The New York Yankees have received a massive capital infusion via a deal with an arm of Apollo Global Management, a New York-based asset management firm. Yankee Global Enterprises is receiving $2.6 billion from Apollo Sports Capital. The deal, announced Tuesday, is a mix of debt and equity and will allow the Yankees to refinance or retire much of their existing debt, and then pursue new ventures.
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