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Apollo invests $2.6B in Yankees, valuing team near $10B

8/12/2026

Summary

Story summary

Apollo Sports Capital invested $2.6 billion in Yankee Global Enterprises on Tuesday.
The transaction values the Yankees at close to $10 billion, a record MLB team valuation.
MLB rules cap Apollo’s stake below 15 percent, with Apollo CEO Al Tylis joining the Yankee Global Enterprises board.
Hal Steinbrenner said the partnership lets the Yankees explore strategic opportunities and welcomed Apollo, which also acquired small stakes in YES, New York City Football Club and AC Milan.

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Story summary

Apollo Sports Capital invested $2.6 billion in Yankee Global Enterprises on Tuesday.
The transaction values the Yankees at close to $10 billion, a record MLB team valuation.
MLB rules cap Apollo’s stake below 15 percent, with Apollo CEO Al Tylis joining the Yankee Global Enterprises board.
Hal Steinbrenner said the partnership lets the Yankees explore strategic opportunities and welcomed Apollo, which also acquired small stakes in YES, New York City Football Club and AC Milan.