Apollo Global Management provides $2.6 billion financing to New York Yankees owners
Apollo Global Management announced a deal to provide $2.6 billion of financing to the owners of the New York Yankees, marking Apollo's largest investment to date in US sports. The Steinbrenner family retains its ownership stake, and proceeds will be used to support franchise growth and refinance existing debt.
Detected & updated continuously · Source: Nebula
Story subjects
Sources
@nytimes
From @TheAthletic: The New York Yankees have received a massive capital infusion of $2.6 billion via a deal with an arm of Apollo Global Management. The deal will allow the Yankees to refinance or retire much of their existing debt. https://t.co/ZEeVe0N3f2
@bet_105
Yankees set to land $2.6 billion investment from Apollo Sports Capital. The Steinbrenner family keeps ownership stake intact. https://t.co/ki3Ydt9zLE
@BloombergTV
Apollo Global Management is providing $2.6 billion of financing to the owners of the New York Yankees, the private capital giant’s largest investment to date in US sports. Randall Williams has more https://t.co/CaYnIOLKJ1 https://t.co/rVw8fJRWXc
@StockMKTNewz
Apollo Global $APO and the New York Yankees announced a new deal in which Apollo will provide the owners of the Yankees $2.6 billion of financing "Proceeds will be used to support the growth of the franchise and refinance existing debt" - Bloomberg https://t.co/ryTNlEcKTp
@business
Apollo is providing $2.6 billion of financing to the owners of the New York Yankees, the private capital giant’s largest investment to date in US sports https://t.co/dWcV00FxOr