The Braves’ 0-5 start this season didn’t go unnoticed at a special meeting of team owner Liberty Media’s stockholders Monday afternoon.
“It’ll be a while,” Liberty Media Chairman John Malone said to laughter upon being asked when the Braves will win their first game of the season. “Listen, we’re rebuilding.”
The purpose of the meeting – held in Englewood, Colo., and broadcast on Liberty’s website — was for stockholders to vote on the company’s proposal to issue three new tracking stocks, including one tied to the Braves. The proposal was approved, and the Braves stock is expected to begin trading soon on the Nasdaq exchange.