Apollo is pitching its $2.6 billion stake in the New York Yankees to investors as AI-resilient leisure, and the question on Market Hang is whether that is an asset class or a marketing line. Paisley Nardini, Head of Investment Strategy at Tema ETFs, makes the institutional case: scarcity, leverage limits, and contractual cash flows that land before the game is played. Then Turney Duff, former Wall Street trader and author of The Buy Side, asks whether American sports are simply socialism. Watch the full episode: https://youtube.com/live/nOS5yJVcpPo Timestamps 0:00 Private credit is calling the Yankees AI-resilient leisure 2:14 Scarcity, and cash flows that land before the game 3:47 Why the Yankees, and what happens when more money arrives 4:53 The Lakers deal and the ill will it created 6:38 Is the worry integrity, or just new owners 8:21 American sports are socialism 9:25 Is sports gambling good for sports 10:30 What regulation is actually coming Disclosure: Yahoo is a portfolio company of funds managed by affiliates of Apollo Global Management. #SportsInvesting #PrivateCredit #Yankees #MarketHang #YahooFinance == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571