HereForm an orderly queue, for the Atlanta Braves will soon offer stock for sale. Liberty Media, the Braves' parent company, made the announcement Thursday. Here's this from MarketWatch ...
Liberty Media Corp. on Thursday said it would reclassify its common shares into three tracking-stock groups, a move the company said will highlight each group's operations and make it more practical to raise money for them.
Liberty said one of the groups would be called Liberty Braves Group, focused on assets related to the Atlanta Braves baseball team, while another would include the company's roughly 60% stake in satellite-radio operator Sirius XM Holdings Inc. The third group would include Liberty's stakes in Live Nation Entertainment Inc., Time Warner Inc. and Viacom Inc.
In layman's terms, this means you will soon be able to purchase common stock in the Braves and Braves alone, as opposed to stock in the Liberty Media conglomerate.
As The Street notes, the Braves join the Green Bay Packers, New York Knicks and New York Rangers as major sports franchises that are publicly traded.
The Braves are coming off a 2015 season in which they went 67-95 and posted their worst winning percentage since 1990.
Here is a photo of a Braves game in 2015: