Apollo Global Management is close to acquiring a 16% economic stake in the New York Yankees, valuing the franchise at more than $12 billion. The deal involves an initial 8% stake with preferred shares convertible to an additional 8% after four years, making Apollo the second-largest investor behind the Steinbrenner family. Major League Baseball is expected to allow an exception to its 15% private equity ownership cap for this deal. The $2.6 billion investment includes interests in Yankees Global Enterprises, such as the YES Network and AC Milan. This move highlights growing private equity interest in sports franchises and could influence future ownership structures in Major League Baseball.
Apollo Global Management shares are trading at USD 127.55 on Pluang as of Sep 21, 2026 22:51 WIB, showing a 1.30% gain for the day. The company holds a market capitalization of $74.36 billion, reflecting its significant presence in financial markets. This stake acquisition in the New York Yankees aligns with Apollo's strong market position and long-term investment strategy.
