If Liberty Media is preparing to put the Braves up for sale, as a report suggests, the team’s highest ranking executive doesn’t know about it.
“I speak with Liberty people fairly frequently and there’s absolutely nothing new here,” Braves chairman and CEO Terry McGuirk said. “The whole article looks pretty amateurish to me. Liberty has no interest in selling right now. Life is good. The team is good. I’m the person in position to know these things and that’s the most informed comment you’re going to get.”
McGuirk is upset because at a time when he would prefer people focus on a potential World Series contender, one week before the season opens, Forbes Magazine is reporting Liberty Media may be preparing to sell the team. In its annual valuation of major league baseball franchises, Forbes ranked the Braves 13th out of 30 teams with a value of $482 million and included this comment: “It appears as though Liberty Media is preparing to unload the Braves. The tax advantages to Liberty’s purchase of the Braves from Time Warner [in] 2007 expire after five years and ownership has slashed player payroll from $102 million to $84 million since 2008 despite higher revenue.” http://blogs.ajc.com/jeff-schultz-blog/ ... rty-media/
I guess we'll have to wait to see what happens.
The Hawks are rumored to be for sale as well.
