There is an increasing likelihood that the Braves may be sold by Liberty Media soon

The Braves have proven to be an excellent investment for Liberty Media, but there are rumors that the team may soon have a new owner.

It has been a while since Atlanta Braves fans demanded that Liberty Media sell the team. As it turns out, six consecutive division wins and a World Series victory do a lot to foster goodwill among those who consider the Braves their club. While there are some holdouts who will not be satisfied unless the Braves get a free-spending owner such as Ted Turner or Steve Cohen, the vast majority think that the Braves are in a good position right now.

Still, there have been rumors for some time that Liberty Media is considering selling the Braves in light of their intention to break the team into a separate company with its own publicly issued stock. There were no signs that Liberty Media chairman John Malone (who still owns nearly half of the Braves’ stock) was planning to sell the team following the restructuring, but the split certainly drew notice.

There is even more smoke now around a potential sale of the Braves as there is at least one financial analyst that really seems to think that they could be sold soon.

Braves Rumors: Financial analyst is betting on the Braves being sold soon

To be clear, this isn’t some columnist or sportswriter making a ludicrous prediction solely for clicks. This is due to the decision of a leading securities firm, Rosenblatt Securities, to actively revise their financial projection for the Braves’ stock upward to $53 per share and openly declare that a “billionaire” will buy the organization in the near future. It’s one thing to make a prediction with little accountability. This is a legitimate financial firm that is putting their money and reputation where their mouth is.

The idea behind this is actually rather simple. By separating the Braves into a distinct entity, the tax implications of selling them become significantly less difficult after the new company has been in operation for a year or two. Given the break from Liberty Media last summer, selling the Braves seems far more possible over the next 6-12 months. Clearly, Rosenblatt Securities is reading those tea leaves, as well as others that the general public may be unaware of, to indicate that a wealthy individual or ownership group may buy the Braves in the near future.

It makes little sense to try to anticipate who will acquire the Braves since, well, anyone with that amount of money may be interested in the Braves simply for the value of the investment. The Braves are one of the most valuable franchises in MLB, and their value continues to rise. Even Warren Buffet loves how the Braves are positioned, since his business purchased a large interest in November 2023.

What we do know is that, based on the steps made by Liberty Media and the Braves over the last year, a sale is much more likely than before, even if this all turns out to be a corporate numbers game.

Add a Comment

Your email address will not be published. Required fields are marked *