Warren Buffett buys $8 million stake in Atlanta Braves

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According to an SEC filing, Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) has bought $8 million dollars worth of shares for the Atlanta Braves Major League Baseball Team (BATRA). Berkshire Hathaway has also exited positions in well-known companies after the third quarter, such as General Motors Co. (GM), Johnson & Johnson (JNJ), and Procter & Gamble (PG). Could this move open up opportunities for more public sports investing in the US? Yahoo Finance's Josh Schafer, Alexandra Canal, and Pras Subramanian weigh in on Buffett's investments and how this could affect public sports investments going forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.