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Market Chatter: Apollo Global Management Engages With New York Yankees Over $3 Billion Financing Deal

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Apollo Global Management's (APO) sports investing unit could be preparing a $3 billion financing package for the New York Yankees amid rising institutional capital inflows in professional sports, Bloomberg reported Wednesday, citing people familiar with the matter.

Some of the funds are expected to be used to refinance outstanding debt, with the balance earmarked for growth opportunities, sources told the media outlet.

Deliberations are underway, and a final decision regarding the financing structure is yet to be made, people told Bloomberg.

Apollo Global Management and the New York Yankees did not immediately respond to requests for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $122.80, Change: $+2.87, Percent Change: +2.39%

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