According to reports from Sportico, the transaction covers roughly 30% of the club and ranks as a record valuation for a football club investment. This milestone eclipses a prior purchase at an enterprise value of around $5.8bn.

As noted by the FT, EQT is investing through its mid-market opportunities fund. Storm chair [PERSON_NAME], founder and executive chair of betting company Betr Entertainment, will remain a shareholder. The proceeds flow through affiliates of Apollo Sports Capital, the permanent capital platform the firm launched in September 2025 to invest across sports and live events.

In other league developments, Clearlake Capital Group co-founder [PERSON_NAME] and his wife [PERSON_NAME] have secured initial approval from the MLB owners’ management council. Per Bloomberg, this facilitates a $3.9bn acquisition. These announcements highlight sustained institutional capital deployment across professional sports franchises.