How Wall Street Fell in Love With Sports

Bill Cohan joins Peter to explain why deep-pocketed investors are muscling into pro sports, from Apollo’s $2.6 billion investment in the Yankees to Josh Kushner and Bob Iger’s $12.5 billion grab for the Lakers. Then the two weigh whether even blue-chip franchises have a ceiling, and whether buyers shelling out record prices have simply gotten caught up in deal heat.