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Yankees receive $2.6 billion in deal with private equity fund

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Yankees principal owner Hal Steinbrenner speaks during a press conference at Yankee Stadium.

The Yankees have struck a $2.6 billion deal with Apollo Sports Capital. Hal Steinbrenner and his family will retain control of the team after the transaction finalized. Dustin Satloff / Getty Images

The New York Yankees have received a massive capital infusion via a deal with an arm of Apollo Global Management, a New York-based asset management firm.

Yankee Global Enterprises is receiving $2.6 billion from Apollo Sports Capital. The deal, announced Tuesday, is a mix of debt and equity and will allow the Yankees to refinance or retire much of their existing debt, and then pursue new ventures.

The Steinbrenners will maintain full control of the Yankees, with Hal Steinbrenner continuing as the team’s managing general partner.

“We are continually seeking ways to strengthen our positioning, and this partnership allows us to explore pursuing strategic opportunities,” Steinbrenner said in the news release.

MLB rules limit the stake an individual private-equity fund can hold in a club to 15 percent. The precise size of Apollo’s equity investment in the Yankees was not immediately clear, and the structure of the $2.6 billion transaction makes it difficult to infer a valuation from the deal. The transaction also includes debt financing, and Yankee Global Enterprises contains assets beyond the baseball team. The parent company includes the YES Network and Legends Hospitality, and stakes in the Italian soccer club AC Milan and in the MLS club New York City FC.

Apollo has nearly $1 trillion in assets under management, and in 2025 became the majority stakeholder in Atlético Madrid, the Spanish soccer giant.

The Yankees have long carried some debt tied to the construction of Yankee Stadium. They refinanced roughly $1 billion of that in 2016, and are believed to be carrying under $100 million in debt at this point.

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Uefa Super Cup: Paris St-Germain get extra dressing room for Aston Villa match

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Paris St-Germain have been given an extra dressing room for the Super Cup – after making their pre-game frustrations clear.

The Champions League holders were unhappy with their facilities at Red Bull Arena before Wednesday’s Super Cup match with Europa League winners Aston Villa.

Unai Emery’s side are using Red Bull Salzburg’s home dressing room, leaving PSG with the away one in Austria.

But, at a pre-game meeting on Monday, PSG officials made Uefa aware they were not happy with the arrangements, feeling their dressing room was too small.

Sources told BBC Sport the French club wanted to be able to have the same size space as Villa, especially as they are the reigning Super Cup champions after beating Tottenham on penalties last year.

Uefa was able to allocate them a spare dressing room, normally used by the officials, to give them more space and the same as Villa. No officials were moved to accommodate Luis Enrique’s side.

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Owen Dodgson: Mansfield Town sign Stockport County defender on loan

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Mansfield Town have completed the signing of defender Owen Dodgson on a season-long loan from fellow League One club Stockport County.

The 23-year-old made 25 appearances in all competitions for the Hatters last season as they ended the campaign beaten finalists in the League One play-off final at Wembley.

Dodgson can play as a left-back, left wing-back or in a defensive midfield role.

He becomes Nigel Clough’s fifth signing of the summer window, joining former Barnsley pair David McGoldrick and Jon Russell, as well as Michael Smith and Liam Thompson through the door at Field Mill.

“Mansfield are a club which has progressed year-upon-year in recent seasons and after speaking with the gaffer it was a really straight forward decision to join until the end of the season,” Dodgson told Mansfield’s website., external

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Derby County: Analysis on Turki Alalshikh pulling out of takeover

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With the click of a button, a social media post on X, external dashed the hopes and dreams of many Derby County supporters, who would have woken up on Monday morning desperately checking their phones for news of a takeover at Pride Park Stadium.

Instead, there is disbelief among all of us who have followed this story throughout the summer. The promise of riches for the recruitment team at Moor Farm had the city on tenterhooks, hoping the powers that be could get the deal over the line.

The EFL and the Independent Football Regulator [IFR] had already given the deal with Turki Alalshikh’s Lion Sport the green light, so what could go wrong? It was a sure thing, wasn’t it?

No. Alalshikh’s statement, claiming there was “not enough time” to get the club in shape ahead of the new season, raised more questions than it answered. The Saudi billionaire, who has made his name successfully in boxing, clearly needs to elaborate on his reasoning, because it does not stack up.

Head coach John Eustace needs transfer funds. The dead wood in the squad has been shipped out to accommodate new arrivals. Three weeks from today, the transfer window closes after the Rams’ trip to Portsmouth on 1 September.

Anyone with a knowledge of football understands the ferocity of the deals completed in the final week, days and hours of a transfer window. “Here you go, John, here’s £20m,” said nobody ever, but in essence it is as simple as that.

The club is debt-free. It has restaffed since administration and is being run properly under the guidance of local hero David Clowes. So, what isn’t attractive about that? There are no giant bills to pay as part of the deal. Clowes Developments gets its money back and off you go.

Derby County is not a plaything. It is the beating heart of a hard-working community, allowing people to switch their focus for 90 minutes from the daily grind and the difficulties of life in 2026.

As we saw during the difficult administration period, the Rams will rally, the club will galvanise and life will continue as normal. Eustace will get blood from a stone and supporters will cheer his name.

You don’t miss what you never had.

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