Yankees Bag $2.6B From Apollo

Investment firm Apollo Sports Capital provided a $2.6B mix of debt and equity to help the baseball team pay off loans and expand.

The Steinbrenner family will retain full control of the team, while the CEO of Apollo joins the parent company's board.

This cash infusion supports the franchise, highly valued at $8.5B, and its other properties like sports networks and soccer clubs.

Hospitality firm Ryman Hospitality Properties bought the Florida estate, marking the largest non-gaming US resort sale on record.

Real estate firm Trinity Investments purchased the site for $870M in 2018, earning a huge profit after upgrading the property.

The 409-acre complex features a Ritz-Carlton, a JW Marriott, and a championship golf course, driving its high valuation.

The Southeastern Conference, a major college sports league, and streaming giant Netflix will not film a new season this year.

The debut season attracted 3M views, trailing behind the 5.6M viewers drawn by similar football shows on the platform.

League officials stated the original plan was always to film one single season to test the waters before reassessing.

The Lewis family, owners of English soccer club Tottenham Hotspur, partnered with two veteran American sports-investing families for a joint bid.

NBA Europe is a proposed continental basketball league launching in 2027 that will feature 12 permanent franchises in major cities.

The group faces stiff competition from tech billionaire Nikesh Arora, whose rival investor consortium is preparing a bid exceeding $1B.

Project B, an upcoming global basketball league co-founded by former star Alana Beard, criticized WNBA leadership for failing to clarify gender policies.

The new league will follow strict International Olympic Committee guidelines that currently ban transgender women from competing in female sports categories.

This proactive move gives players clear rules while the WNBA continues to review its own vague eligibility guidelines amid growing public debate.

Gianni Infantino, president of global soccer group FIFA, faces major backlash over a recently failed proposal to sell stakes in the World Cup.

US President Trump defended Infantino's track record, highlighting the recent completion of a historic $15B revenue cycle for the sport.

Trump’s public support directly opposes the US soccer federation and multiple international soccer bodies that are demanding immediate leadership changes.

The illegal sector captured 77% of total US online gambling revenue last year, dwarfing the $28.3B generated by state-regulated platforms.

Data shows that legalizing betting did not eliminate unlicensed offshore sites, but instead caused overall gambling demand to surge nationwide.

The Campaign for Fairer Gambling, an industry advocacy group, is urging states to pause new expansions until enforcement against illegal operators improves.