Techub News reported that the New York Yankees are finalizing an agreement with Apollo Global Management under which the investment firm would acquire a 16% stake in the baseball team. Apollo is described in the report as a global alternative asset manager with businesses spanning private equity, credit and other areas. The brief said the deal points to a capital partnership between a traditional sports club and a large investment institution. The update was attributed to @Kalshi.
Techub News reported that the New York Yankees are nearing a deal with Apollo Global Management, which would receive a 16% stake in the baseball team.
Apollo Global Management was described as a global alternative asset manager with operations across private equity, credit and other businesses.
The report said the transaction reflects capital cooperation between a traditional sports club and a large investment institution. The update was attributed to @Kalshi.
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