New York Yankees

Minority holders: Apollo Sports Capital (agreed Aug 2026; reported at 4% or more of Yankee Global Enterprises, with a larger structure reported single-source)

Apollo Sports Capital agreed a $2.6bn investment in Yankee Global Enterprises, announced by Apollo on 11 Aug 2026 as a mix of credit and equity. Apollo's release says the Steinbrenner family keeps full control of the Yankees, Hal Steinbrenner remains Managing General Partner and MLB control person, and Apollo Sports Capital chief executive Al Tylis takes a newly created seat on the YGE board. Sportico reported on 20 Sep 2026 that the Steinbrenners and some limited partners sold at least 4% of YGE as part of the deal, that the family retains more than 60%, and that the investment values YGE above $10bn. The New York Post reported a larger structure, 8% in equity now plus 8% in preferred stock convertible after four years, at a valuation above $12bn; that version is single-source. Front Office Sports reported on 22 Sep 2026 that MLB owners had raised the cap on a single private equity fund from 15% to 20% earlier in the summer without announcing it, matching the NBA, so a 16% combined structure would sit inside the rule rather than needing a waiver. The controlling owner must still hold at least 15% and may not hold less than the fund. Control is unchanged either way. Yankee Global Enterprises also holds 10% of New York City FC.

Hal Steinbrenner (Yankee Global Enterprises) on the owners board →