Yankees owner Yankee Global inks $2.6 billion financing deal with Apollo Sports Capital affiliates
APO•Closing timing
The transaction is expected to close imminently.
Governance and control
Apollo Sports Capital CEO Al Tylis will join YGE’s board, expanding it by one seat.
The Steinbrenner family will keep full control. Hal Steinbrenner will remain managing general partner and MLB control person.
Apollo financing deal for Yankee Global
Apollo Global reached a $2.6 billion financing agreement with Yankee Global Enterprises, the New York Yankees’ holding company.
The structure mixes credit with equity, and the proceeds will support franchise growth plans and the refinancing of existing debt.
