Atlanta Braves to become publicly traded company

[SBR Andy]

Liberty Media, the parent company of the Atlanta Braves, announced it will be splitting off the Braves into a publicly traded company.

https://www.thescore.com/mlb/news/2484488/what-the-braves-going-public-could-reveal-about-mlbs-finances

There have been 3 North American pro sports teams publicly traded in the past: Boston Celtics, Cleveland Indians, and Florida Panthers.

Any Braves fans out there buying stock in their team?

[johnnyvegas13]

I thought packers as well ?

[SBR Andy]

I thought packers as well ?

Saw this from another article:

"In the National Football League, the Green Bay Packers hold occasional stock sales that offer ownership in the team, which is a publicly owned, nonprofit organization, to fund projects such as stadium improvements. However, those shares have no financial value and can’t be resold."

https://www.wsj.com/articles/liberty...es-11668690744

[johnnyvegas13]

Anytime shares have no financial value is a good scam

[VeggieDog]

Stephen Dodson, a portfolio manager at the San Francisco-based Bretton Fund, told theScore earlier in 2022 that pro sports teams don't generate the cash flows of many other publicly traded businesses.


"A sports team is almost always worth more to a very rich person than it is to a company who only cares about its cash flows," Dodson wrote in an email. "Sports teams are a bit of a vanity asset, like owning a Picasso, and the highest bidder is going to be a very rich person who wants to own the team so they (can) call themselves an owner of a sports team."

[d2bets]

Liberty Media, the parent company of the Atlanta Braves, announced it will be splitting off the Braves into a publicly traded company.

https://www.thescore.com/mlb/news/2484488/what-the-braves-going-public-could-reveal-about-mlbs-finances

There have been 3 North American pro sports teams publicly traded in the past: Boston Celtics, Cleveland Indians, and Florida Panthers.

Any Braves fans out there buying stock in their team?

Aren't the Packers also?

[eidolon]

If so, so long to the name "Braves", and the tomahawk chop/chant

[slayer14]

Are the braves in debt or something