New York Yankees strike $2.6B financing deal with Apollo — what it means for the Steinbrenner family

Source: New York Post

The New York Yankees on Tuesday announced a $2. 6 billion financing agreement with Marc Rowan’s Apollo Sports Capital in a deal touted as fueling growth at the MLB giant and keeping the Steinbrenner family in control. The agreement, which mixes credit and equity, marks one of the largest private capital infusions into a baseball franchise in recent years.