Top Ad
I DIG Radio
www.idigradio.com
Listen live to the best music from around the world!
I DIG Style
www.idigstyle.com
Learn about the latest fashion styles and more...

Braves brass: 'Business as usual' following spinoff

Written by 
Published in Baseball
Tuesday, 18 July 2023 21:42

ATLANTA -- Braves executives say business will continue as usual under a new ownership structure following a spinoff from Liberty Media.

Perhaps most notable is fans will be able to purchase stock in the newly created Atlanta Braves Holdings Inc. and become owners of the team.

Plans for the spinoff were announced last year and made final in a vote by Liberty stockholders, led by chairman John Malone, on Monday.

Braves chairman Terry McGuirk and president Derek Schiller will continue in their lead roles in the team and The Battery Atlanta, the mixed-use development adjacent to Truist Park that includes business, a hotel, restaurants, a concert venue and other properties.

"So no surprises here, no changes really," McGuirk said Tuesday. "The purpose here today is we absolutely want to tell you that it's business as usual. There are no changes to how we operate. I am still the control person of the team."

The mantra of business as usual also was relayed by general manager Alex Anthopoulos, who said he has been given approval to spend before the Aug. 1 trade deadline.

"Basically the same trade deadline conversation I've had with them all the time," Anthopoulos said. "'Hey, what do you think about adding payroll?' A quick yes. Payroll has climbed each year because of the way the operation is going with the fan base and the business side doing a great job. Things are exactly the same.

"Payroll has gone up every year. I've always had money at the trade deadline. It's great. No changes on our end."

Attendance has climbed each year since the Braves opened Truist Park in 2017, including last season's total of 3,129,931. Profits also have risen, especially after the Braves' 2021 World Series championship, the first for the franchise since 1995.

The split from Liberty Media could make it easier for the Braves to be sold to a private buyer.

"There's been no conversations and no indications whatsoever of that direction," McGuirk said.

This season's average attendance of 39,265 ranks third in the majors and is the Braves' highest since 2000.

The profits have enabled the team to sign many of its core players to long-term contracts.

Now fans will have an opportunity to claim a piece of the team.

"It's a unique novelty where if you're a fan of this team, you can also become an owner of the team and own stock," Schiller said. "That in a way is very exciting.

"It maybe connects a further connection fans can have with their team. They can come here and follow us and by the way, at least today, for about the cost of a ticket you can buy a piece of the Atlanta Braves. That unto itself is pretty interesting and may be fun to watch."

Read 128 times

Soccer

Mo Salah glum on Liverpool future: 'More out than in'

Mo Salah glum on Liverpool future: 'More out than in'

EmailPrintOpen Extended ReactionsMohamed Salah has said he is yet to receive a formal contract offer...

Galaxy hit 6 to rout Loons; Sounders next in West

Galaxy hit 6 to rout Loons; Sounders next in West

Gabriel Pec, Joseph Paintsil and Dejan Joveljic each scored twice -- with one goal in each half -- a...

Amorim: United set for long period of suffering

Amorim: United set for long period of suffering

EmailPrintOpen Extended ReactionsRúben Amorim said Manchester United will have to "suffer for a long...

2026 FIFA


2028 LOS ANGELES OLYMPIC

UEFA

2024 PARIS OLYMPIC


Basketball

Sources: Hornets' Williams out for rest of season

Sources: Hornets' Williams out for rest of season

EmailPrintOpen Extended ReactionsCharlotte Hornets forward Grant Williams sustained season-ending te...

'Phenomenal' Pippen Jr. shines in dad's ex-arena

'Phenomenal' Pippen Jr. shines in dad's ex-arena

EmailPrintOpen Extended ReactionsScotty Pippen Jr. already had plenty of fond memories of watching h...

Baseball

Woodward returns to Dodgers as first-base coach

Woodward returns to Dodgers as first-base coach

EmailPrintOpen Extended ReactionsLOS ANGELES -- Chris Woodward has been named first-base coach by th...

Carty, 1970 NL batting champ with Braves, dies

Carty, 1970 NL batting champ with Braves, dies

EmailPrintRico Carty, who won the 1970 National League batting title when he hit a major-league-best...

Sports Leagues

  • FIFA

    Fédération Internationale de Football Association
  • NBA

    National Basketball Association
  • ATP

    Association of Tennis Professionals
  • MLB

    Major League Baseball
  • ITTF

    International Table Tennis Federation
  • NFL

    Nactional Football Leagues
  • FISB

    Federation Internationale de Speedball

About Us

I Dig® is a leading global brand that makes it more enjoyable to surf the internet, conduct transactions and access, share, and create information.  Today I Dig® attracts millions of users every month.r

 

Phone: (800) 737. 6040
Fax: (800) 825 5558
Website: www.idig.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Affiliated