The holding company of Major League Baseball’s New York Yankees revealed a $2.6 billion financing agreement with private equity giant Apollo Global on Tuesday, showcasing the intersecting interests between an established sports family and new financial entrants to the pro leagues. The firm’s sports unit is not averse to controlling stakes, having taken one in Spanish soccer giant Atlético Madrid earlier this year, but when it comes to the MLB, Apollo must navigate a rule barring private equity funds from owning more than 15% of a team. Financial Might Doesn’t Always Make Right: The richest MLB owner is hedge fund manager Steve Cohen, the $23 billion man who bought the Yankees’ crosstown rival New York Mets for $2.4 billion in 2020.