MLB Changed Its Team Ownership Rules, and the $12B Yankees Took Advantage
Wealthy families, entrepreneurs, and the occasional corporation historically comprised the population of teams' controlling owners, an exclusive group that limits private equity by design.Until recently, private equity firms could not own greater than 15 percent of an individual franchise. According to Forbes' Maury Brown, however, MLB quietly changed the rule last summer to align it "closer to what is in the NBA, where the limit is 20 percent."Read More on MLBNone of this came to light until one private equity firm was willing and able to buy more than 15 percent of a team.That team? The New York Yankees....The historic sale, as reported by the Wall Street Journal in August, will cost Apollo Global Capital $2.6 billion for a minority stake in Yankee Global Enterprises.
- ▪Wealthy families, entrepreneurs, and the occasional corporation historically comprised the population of teams' controlling owners, an exclusive group that limits private equity by design.Until recently, private equity firms could not own g
- ▪According to Forbes' Maury Brown, however, MLB quietly changed the rule last summer to align it "closer to what is in the NBA, where the limit is 20 percent."Read More on MLBNone of this came to light until one private equity firm was willi
- ▪The New York Yankees....The historic sale, as reported by the Wall Street Journal in August, will cost Apollo Global Capital $2.6 billion for a minority stake in Yankee Global Enterprises.
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| Original publisher | Newsweek |
| Canonical URL | https://www.newsweek.com/sports/mlb/mlb-changed-its-team-ownership-rules-and-the-12b-yankees-took-advantage-12475987 |
| Publication time | Wed, 23 Sep 2026 01:54:26 -0400 |
| Retrieval time | 2026-09-23T10:01:21.260Z |
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By Jon Paul HoornstraContributing Sports Writer0ShareNewsweek is a Trust Project memberSee more of our trusted coverage when you search.Prefer Newsweek on Googleto see more of our trusted coverage when you search.Major League Baseball, like other professional sports leagues, has a small but important rule in place to preserve its staid tradition of ownership. Wealthy families, entrepreneurs, and the occasional corporation historically comprised the population of teams' controlling owners, an exclusive group that limits private equity by design.Until recently, private equity firms could not own greater than 15 percent of an individual franchise.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Newsweek.
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