Private equity firm guiding billions in global investments
Apollo Global Management is in talks to back the Yankees with a debt-heavy financing package worth about $3 billion, as the franchise seeks to refinance obligations and fund expansion. The deal would mark Apollo’s largest US sports investment and underscores the growing financial heft of professional sports.
Fifa's proposals to sell stakes in World Cup rights to private investors have triggered a backlash from European football bodies and key advisers. A resignation amid the controversy underscores widespread opposition and questions about governance. Leaders warn the World Cup should remain in football hands as the debate continues.
Rugby talent Henry Pollock is pressing for a pay rise at Northampton. The Prem salary cap and marquee-player rules limit options, with talks intensifying as Hearn and Pollock navigate cap constraints and potential market moves.
The London market sees notable shifts as easyJet joins the FTSE 100 after a private equity bid boosts valuations, while easyJet's removal from the index could signal broader capital outflows. Bodycote is taken private by Veritas, and Gamma Communications along with Capricorn face delisting, reflecting a wave of deals that remove firms from London’s public markets.
South Africa has sealed a 3-1 series win over New Zealand in Baltimore after a second-half surge, extending their Rugby World Cup buildup with a dominant performance in the USA.