From the Yankees to the Lakers: What's behind the sports investing boom

Apollo Global Management (APO) is reportedly in talks to take a 16% stake in MLB's New York Yankees, the latest move in a growing trend of private equity firms taking stakes in professional sports teams. The Champion Fund founder and portfolio manager Nick Edward joins Market Domination host Josh Lipton to discuss why so many more firms are looking at sports as a route for high returns, and if any franchises are being overvalued because of it. Disclosure: Yahoo is a portfolio company of funds managed by affiliates of Apollo Global Management.