Private equity company Apollo agrees to finance deal with New York Yankees organization for $2.6 billion

Well, it's here, private equity has entered the world of Major League Baseball.

Private equity has long yearned to make inroads into the growing and increasingly lucrative world of sports, including even college football teams or conferences. But this week became the biggest sign yet that these businesses are intent on increasing their investments into preeminent sporting organizations.

Not just any preeminent sporting organization, the largest, most successful and most recognizable brand in Major League Baseball...