Yankee Global Enterprises

Apollo Sports Capital is set to acquire an initial eight percent minority stake in Yankee Global Enterprises, the parent company of the New York Yankees, at a valuation exceeding $12bn.

Summary of transaction details:

• Value: $12bn
• Sector: Business Services
• Advisor: None mentioned
• Key Entities: Apollo Sports Capital, Yankee Global Enterprises
• Location: New York, USA

Note: This transaction expands Apollo Sports Capital's expanding portfolio into marquee global sports franchises, leveraging private equity backing to secure strategic stakes in iconic sports and entertainment assets.