Core Insights - Apollo has launched Apollo Sports Capital (ASC), a new investment business focused on providing capital solutions in the global sports and live events ecosystem [1][2] - Al Tylis has been appointed as CEO of ASC, with Rob Givone and Lee Solomon as co-portfolio managers, and Sam Porter as Chief Strategy Officer [1][3] Investment Focus - ASC will primarily invest in credit and hybrid opportunities within the sports landscape, including franchises, leagues, venues, media, and events [2] - The company aims to be a stable, long-term partner in the sector, offering patient capital and strategic value [2] Leadership and Expertise - John Zito, Co-President of Apollo Asset Management, emphasized the goal of building a leading investment company in the sports sector, creating long-term value for investors, fans, teams, and communities [3] - Al Tylis brings extensive experience in sports investments, having previously owned or invested in multiple teams and leagues, and has a background in real estate [3] Established Presence - Apollo has a significant track record in the sports sector, having deployed approximately $17 billion in investments related to sports and entertainment, media rights, and stadium and league financings [4]

Alex Sherman: Mark, thanks for joining us. Pleasure being here. You have started a sports fund in 2024 let's start here.Why sports. And what are you thinking about investing in now. Well, I guess sports, because I've always loved it.I actually think as an asset class, it's something you want to be invested in. And I think you're literally in the first second inning. I think you can make a fortune of money investing in sports.So that was the reason why I started it. You just don't have that much competition ...