Liberty Media’s John Malone announced Thursday that the company’s Board of Directors has authorized management to pursue a split-off of the Atlanta Braves and its real estate development project. The move, according to Liberty Media President and CEO Greg Maffei will better highlight the strong value of the Braves franchise.
In an Investor Day presentation, Maffei speculated about a higher valuation or potential buyer interest in the team.
“You may have noticed there’s high demand out there for sports assets. Money is flowing into the ecosystem, with new players of all sorts driving demand,”
“Among baseball teams, Baltimore and Washington are rumored to be contemplating a sale.