The Yankees announced a $2.6 billion Apollo financing agreement combining credit and equity; the Steinbrenner family retains control. It also highlights MLB’s recent loosening of the former 15% private-equity ownership cap, now closer to the NBA’s 20% limit.
Forbes contributor Maury Brown said multiple reports put the valuation underlying Apollo’s investment above $12 billion—$3.5 billion above Forbes’ $8.5 billion Yankees valuation and $2.6 billion above Sportico’s.
