Knicks, Rangers Get Interest from Investor Silver Lake

Scott Soshnick, Eben Novy-Williams and Michael Barr discuss a host of issues related to the business of sports, including Silver Lake Partners' interest in acquiring a stake in the New York Knicks and Rangers before the professional sports teams are spun off into a publicly traded company. Silver Lake, which has investments in Tesla and Alibaba, owns almost 10% of Madison Square Garden, parent of the teams. Jim Dolan would retain control of the franchises. Also discussed is Under Armour, which plunged after the company disclosed that federal officials have been probing its accounting practices for more than two years. The company reported earnings today with mixed results. And also talked about is billionaire Roger Penske's purchase of the Indianapolis Motor Speedway and the IndyCar Series -- a move that relinquishes control of the iconic speedway from the Hulman family after 74 years.

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