Global sports and entertainment company Endeavor paid about $47 million to acquire three minor league baseball teams from the Atlanta Braves earlier this year, part of its push over the last six months to consolidate nearly a dozen minor league clubs under one umbrella.
Endeavor’s entry into minor league ownership is well-documented, but the financial specifics have largely remained a mystery. A recent filing from Liberty Media, owner of the Atlanta Braves, provides some previously unknown context around the cost of those teams.
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The Braves reported $47 million in cash proceeds from dispositions in the three months that ended in March 2022, a period in which the team closed on the sale of the minor league franchises to Endeavor.