Apollo Backs the Yankees With $2.6 Billion in Financing
Apollo Sports Capital is providing $2.6 billion in debt and equity financing to Yankee Global Enterprises.
A big investment company called Apollo is giving the Yankees $2.6 billion in money to help run their team. This shows that major investors still think sports businesses can make money, but it doesn't tell us if the Yankees will win more games or make better choices.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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