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…

Chris Michaels

Published Nov 17, 2022 3:12 PM EST

MIAMI, FLORIDA – OCTOBER 04: The Atlanta Braves pose for a group picture after clinching the division against the Miami Marlins at loanDepot park on October 04, 2022 in Miami, Florida. (Photo by Megan Briggs/Getty Images)

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.

“We plan to split off the Atlanta Braves into an asset-backed stock to better highlight its strong value. Additionally, post Split-Off, we plan to recapitalize all of Liberty Media’s remaining common stock into three tracking stock groups,” said Greg Maffei, Liberty Media President and CEO, in a company news release. “These actions will provide greater investor choice and enable targeted investment and capital-raising through more focused currencies, while maintaining an optimal capital structure for Liberty Media and preserving optionality with respect to our subsidiary SiriusXM and our Live Nation stake.”

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.

Atlanta Braves

Chris MichaelsEditor