Hal Steinbrenner: No plan to sell Yankees despite $2.6 billion Apollo deal

New York Yankees owner Hal Steinbrenner stated Wednesday that he has no plans to sell the franchise following a $2.6 billion financing deal with Apollo Global Management. Speaking from Tampa during an end-of-season news conference, Steinbrenner insisted the transaction is not a precursor to a full sale and is intended to provide long-term financial stability across future generations of family ownership.

The deal gives Apollo a 16 percent stake, though Steinbrenner emphasized the private equity firm will have zero control over day-to-day operations. Additionally, Steinbrenner confirmed that manager Aaron Boone will return for 2027 and that general manager Brian Cashman has agreed to terms on a contract extension.