All articles tagged with #apollo sports capital
The New York Yankees are valued at roughly $9.4–$10 billion after Apollo Sports Capital's $2.6 billion investment, a potential MLB record for a realized transaction; the Steinbrenner family retains control, Apollo gains a board seat and a say on refinancing debt, and MLB rules cap private equity ownership at 15%.
The New York Yankees struck a $2.6 billion financing deal with Apollo Sports Capital that blends debt and equity to fuel growth while keeping the Steinbrenner family in control; Apollo gains a board seat and the Yankees gain capital to support operations and expansion, including potential investments across Yankee Global Enterprises' holdings (YES Network, Legends Hospitality, NYC FC, AC Milan). The exact equity stake wasn’t disclosed, MLB caps private equity at 15% of a club, and Forbes valued the team at about $8.5 billion.
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.
Pickleball Inc., the parent of Major League Pickleball and the PPA Tour, raised $225 million from Apollo Sports Capital and Dundon Capital Partners, bringing total investment to $315 million and valuing the company at $750 million. The deal unites assets like Pickleball Central and PickleballTournaments.com under one umbrella to build the largest pickleball ecosystem, expanding media, events, and technology while Dundon and the Pardoe family remain majority shareholders. With 24 million U.S. players in 2025 and projected 2026 revenue of about $74 million (plus over $140 million in 2025 revenue for the merged verticals and $60 million in 2025 top-line), the investment underscores pickleball’s rapid growth into a professional, media-driven enterprise.