In July of this year, the Atlanta Braves became the only team in Major League Baseball to be publicly traded. The decision was made when Liberty Media agreed to split the team and the surrounding Battery area into its own separate stock called Atlanta Braves holdings.
“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,” Braves Chairman Terry McGuirk told reporters back in July, via The Washington Post. “I’m proud to say that our franchise is looked upon as one of the gold standard franchises in baseball, and we will continue to act that way.”
Right now, you can buy a share of the Atlanta Braves for $38.64, and recently, Warren Buffet’s Berkshire Hathaway invested significantly more than that in the six-time reigning NL East champions. According to the New York Post, the holdings company bought $8 million worth of stock in the Braves, a minute position for a company with a portfolio north of $300 billion, but notable nonetheless.
Anytime the Oracle of Omaha shows interest in your organization, you’re generally doing something right. The Battery has been a home run, and the Braves are the best team in baseball set up for a tremendous run of success.
That’s probably all this is about, but some conspiracy theorists might be intrigued by the timing of this investment. MLB free agency is underway, and the Braves have recently been linked to a certain Japanese superstar, who alone could substantially increase the value of an entire franchise.
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