Hal Steinbrenner says his family has no plans to sell the Yankees after $2.6 billion Apollo deal

Sports Business Journal reports that Yankees Global Enterprises closed a $2.6 billion financing agreement with Apollo Sports Capital in August. Yankees owner Hal Steinbrenner says his family has no intention of selling the team and that the money will provide financial stability. He says Apollo has “zero” input in day-to-day operations. CNBC, cited by Sports Business Journal, reported Apollo would take a 16% stake in Yankees Global Enterprises at a $12 billion valuation.