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Yankees land $2.6B financing deal with Apollo, Steinbrenner family retains control

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Source: The New York Times
Yankees land $2.6B financing deal with Apollo, Steinbrenner family retains control
Photo: The New York Times
TL;DR

The New York Yankees announced a $2.6 billion financing package from Apollo Sports Capital, a mix of debt and equity to refinance existing debt and pursue new ventures. The Steinbrenner family will maintain full control of Yankee Global Enterprises, which also includes the YES Network, Legends Hospitality, and stakes in AC Milan and NYC FC.

Topics:sportsbusiness#apollo-sports-capital#business#debt-financing#private-equity#refinancing#yankees
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  1. Yankees receive $2.6 billion in deal with private equity fund  The New York Times
  2. Apollo Inks $2.6 Billion Financing Deal With NY Yankees  Bloomberg.com
  3. Yankees strike $2.6 billion deal with private equity fund. What does that mean for Steinbrenners?  NJ.com
  4. New York Yankees’ parent Yankee Global Enterprises inks $2.6bn from Apollo  pehub.com
  5. Yankees, Apollo Sports Capital close $2.6B financing deal  Sports Business Journal

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