Berkshire Hathaway, the mega-fund owned by Warren Buffett, has purchased more than $8 million worth of shares in Atlanta Braves Holdings, according to a report.
The move, which gives Buffett equity in the Braves, comes after the club spun off of Liberty Media earlier this year and became its own stock.
The Braves reported an 11 percent increase in revenue to $272 million in the third fiscal quarter, gaining $15.7 million in operating income only one year after a loss of $4.7 million in the comparable period.