Atlanta Braves To Become Publicly Traded Company
Are the Atlanta Braves for sale? It looks like you can become an investor.
The Wall Street Journal is reporting that Liberty Media, the principal owner, plans to split off baseball franchise, real-estate assets into new publicly traded company.
A news release from the the company confirmed that the company will known as Atlanta Braves Holdings.
This will be more sports history made as the Braves will be the only major league baseball organization that is a publicly traded company. The only other major American sports franchise like this are the Green Bay Packers.
Two years ago, Boston Red Sox owner John Henry was in talks to take Fenway Sports Group LLC, public through a merger with a special-purpose acquisition company, The Wall Street Journal reported. However, those talks never led to a deal.
