Deals
Investors Get Path to Buy Into Major League Baseball Teams
- League has been grappling with escalating team valuations
- Under new rules, Galatioto Sports to create $500 million fund
Gleyber Torres #25 of the New York Yankees celebrates with Didi Gregorius #18 after hitting a solo home run against the Houston Astros at Yankee Stadium in New York on Oct. 15.
Photographer: Elsa/Getty Images
This article is for subscribers only.
Major League Baseball is now allowing investment funds to take minority stakes in multiple clubs, a move that lets the league capitalize on sky-high team valuations.
Traditionally, baseball owners have been wealthy individuals, but the new policy could bring in cash from Wall Street firms and college endowments, according to the people familiar with the change, which was made earlier this year.