Press Release Summary
Date: August 11, 2026
Location: New York
Key Highlights:
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Financing Agreement: Yankee Global Enterprises (YGE), the holding company for the New York Yankees, has secured a $2.6 billion financing agreement with Apollo Sports Capital (ASC). This agreement combines both credit and equity, aimed at supporting the growth of the Yankees franchise and refinancing existing debts. The transaction is expected to close shortly.
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Board Expansion: Al Tylis, CEO of Apollo Sports Capital, will join YGE’s Board, which will grow by one seat. The Steinbrenner family will retain full control of the Yankees, with Hal Steinbrenner continuing as Managing General Partner.
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Statements:
- Hal Steinbrenner: Expressed enthusiasm about partnering with Apollo for strengthening the franchise’s positioning and exploring strategic opportunities.
- Al Tylis: Recognized the Yankees’ legacy and conveyed excitement about supporting the organization’s continued pursuit of excellence.
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Apollo Sports Capital: Launched in 2025, it serves as a capital platform offering investment solutions within the sports ecosystem.
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Legal Advisors: Gibson Dunn is legal counsel for YGE; Paul, Weiss, Rifkind, Wharton & Garrison advises Apollo, with Katten Muchin Rosenman acting as regulatory counsel.
About YGE:
Yankee Global Enterprises oversees the New York Yankees and holds interests in several ventures, including Legends Hospitality and the Yankees Entertainment and Sports Network. YGE focuses on driving growth and value for business partners worldwide.
About Apollo:
Apollo is a leading global alternative asset manager, with approximately $1.05 trillion in assets under management as of June 30, 2026. The company specializes in providing innovative capital solutions across the investment spectrum.
Contacts:
- Alice McGillion: Senior Managing Director, Rubenstein | (212) 843-8039 | Email
- Noah Gunn: Global Head of Investor Relations, Apollo | (212) 822-0540 | Email
- Joanna Rose: Global Head of Corporate Communications | (212) 822-0491 | Email
Release Date: August 11, 2026
