Are The Atlanta Braves For Sale? Owner John Malone Appears To Be Taking A First Step In That Direction
John Malone appears to be preparing to sell the Atlanta Braves.
Liberty Media, of which Malone is chairman and its largest voting shareholder, announced Thursday morning that it plans to split off the Atlanta Braves “into an asset-backed stock to better highlight its strong value.” The Braves, who captured the World Series in 2021, are currently a tracking stock, meaning shareholders own no assets of…