{"id":834723,"date":"2026-10-22T01:45:20","date_gmt":"2026-10-22T01:45:20","guid":{"rendered":"https:\/\/www.rawchili.com\/mlb\/834723\/"},"modified":"2026-10-22T01:45:20","modified_gmt":"2026-10-22T01:45:20","slug":"hal-steinbrenner-reveals-what-apollo-deal-means-for-future-of-yankees","status":"publish","type":"post","link":"https:\/\/www.rawchili.com\/mlb\/834723\/","title":{"rendered":"Hal Steinbrenner reveals what Apollo deal means for future of Yankees"},"content":{"rendered":"

Private Equity Firm Apollo Global Management will now have a 16 percent stake<\/a> in the Yankees. <\/p>\n

But that doesn\u2019t mean things are changing about who oversees the iconic Bronx franchise. <\/p>\n

Yankees owner Hal Steinbrenner, speaking with reporters Wednesday in a 2026 season postmortem press conference, made clear that the $2.6 billion financing deal<\/a> will not mean that the team will be getting fully sold. <\/p>\n

Steinbrenner added that the infusion of funds provides the Yankees with \u201cmore financial stability\u201d for the long haul.<\/p>\n

\u201cNo, it is not a precursor to fully selling the team,\u201d Steinbrenner said. \u201cThe whole goal of the Apollo deal was to bring in capital into the company that would be there for us to give us more financial stability for years and years to come, including the years when I\u2019m out of here and the third generation is running the team. I mean, they came in fully understanding this. They came in as limited partners with rights no different than any of other limited partners, which can be unusual for a private equity firm. <\/p>\n

\u201cBut they felt that strongly about being a part of the organization. So no, it is not a precursor to selling the team. It\u2019s all about creating financial stability for both me and my sisters, into the third generation, years and years to come.\u201d<\/p>\n

\"NewYankees owner Hal Steinbrenner talks at a press conference announcing a change in the team\u2019s facial hair policy at Steinbrenner Field on Feb. 21, 2025 in Tampa, Fla. Charles Wenzelberg\/NY Post<\/p>\n

As The Post\u2019s Charles Gasparino reported in August<\/a>, Apollo received an 8 percent stake of the\u00a0team right away\u00a0and received preferred stock for the other 8 percent. That preferred stock can be converted into pure equity in four years.<\/p>\n

Apollo Sports Capital CEO Al Tylis joins the Yankee Global Enterprise board, but Steinbrenner added that does not mean the private equity firm will have day-to-day say with the Bombers. <\/p>\n<\/p>\n

\"AAl Tylis, chief executive officer of Apollo Sports Capital, speaks during the Bloomberg Power Players New York event in New York on Sept. 10, 2026. Bloomberg via Getty Images<\/p>\n

\u201cZero. Again, they have rights no different than our other limited partners. Al, who\u2019s head of this one particular fund, is a member of the YG board now, Yankee Global board, and he\u2019s a very, very intelligent guy,\u201d Steinbrenner added. \u201cSo I expect to have a lot of conversations with him, as I do with some of our other partners. <\/p>\n

\u201cBut zero rights, zero control of day-to-day operations, nothing whatsoever.\u201d<\/p>\n

\t\t\t\t\t\t\tGo beyond the box score with the Bombers\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\t\t\tSign up for Inside the Yankees by Greg Joyce, exclusively on Sports+.\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\tThank you\n\t\t\t\t<\/p>\n

According to multiple reports, MLB owners voted this summer to allow private equity groups to own up to 20 percent (up from 15 percent) but cannot own more than the controlling owner\u2019s stake of a team.<\/p>\n

Hal Steinbrenner\u2019s dad, George, bought the Yankees with a group of investors in 1973. Hal took over day-to-day operations of the club at the end of 2008.<\/p>\n","protected":false},"excerpt":{"rendered":"Private Equity Firm Apollo Global Management will now have a 16 percent stake in the Yankees. But that…\n","protected":false},"author":2,"featured_media":834724,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2376],"tags":[98787,5,255,17274,4,1690,62,2548,2547,8121,185,142],"class_list":["post-834723","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-yankees","tag-apollo-global-management","tag-baseball","tag-business","tag-hal-steinbrenner","tag-mlb","tag-new-york","tag-new-york-yankees","tag-newyork","tag-newyorkyankees","tag-private-equity","tag-sports","tag-yankees"],"share_on_mastodon":{"url":"https:\/\/channels.im\/@mlb\/117482037396593735","error":""},"_links":{"self":[{"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/posts\/834723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/comments?post=834723"}],"version-history":[{"count":0,"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/posts\/834723\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/media\/834724"}],"wp:attachment":[{"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/media?parent=834723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/categories?post=834723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rawchili.com\/mlb\/wp-json\/wp\/v2\/tags?post=834723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}