Liberty’s John Malone Gives Terry McGuirk More Power With The Braves
- Thread starter CrimsonCowboy
- Start date
bravesfanMatt
Steve Harvey'd
summary for those of us who refuse to turn off add blockers to read the article.
NYCBrave
Well-known member
Fascinating stuff actually. Here's a snippet of it which kinda caught me by surprise. Leads me to believe the Braves will be acquired by new ownership in the not too distant future. Which seemed obvious when they went public with the stock.
The changes McGuirk referenced stem from an August agreement with Malone that gave McGuirk new voting power on certain stockholder matters and a right of first refusal on any future sales of the considerable Braves stock owned by Malone.
The arrangements were described in detail in regulatory filings made with the Securities and Exchange Commission by Malone, McGuirk and Atlanta Braves Holdings Inc., the publicly traded company that includes the baseball team and mixed-use development The Battery Atlanta.
The Braves’ corporate separation from Colorado-based Liberty Media, which acquired the team in 2007 and split it off as a stand-alone public company last year, became more pronounced under the new arrangement as “almost all” of the Liberty executives who had doubled as officers of Atlanta Braves Holdings, including Liberty CEO Greg Maffei, stepped down from their Braves roles at the end of August. Those executives yielded to members of the Braves’ operating team, with McGuirk replacing Maffei as president and CEO of Atlanta Braves Holdings.
The changes McGuirk referenced stem from an August agreement with Malone that gave McGuirk new voting power on certain stockholder matters and a right of first refusal on any future sales of the considerable Braves stock owned by Malone.
The arrangements were described in detail in regulatory filings made with the Securities and Exchange Commission by Malone, McGuirk and Atlanta Braves Holdings Inc., the publicly traded company that includes the baseball team and mixed-use development The Battery Atlanta.
The Braves’ corporate separation from Colorado-based Liberty Media, which acquired the team in 2007 and split it off as a stand-alone public company last year, became more pronounced under the new arrangement as “almost all” of the Liberty executives who had doubled as officers of Atlanta Braves Holdings, including Liberty CEO Greg Maffei, stepped down from their Braves roles at the end of August. Those executives yielded to members of the Braves’ operating team, with McGuirk replacing Maffei as president and CEO of Atlanta Braves Holdings.
cajunrevenge
Well-known member
I agree they seem to be working towards a sale but generally teams try to reduce payroll commitments when prepping for a sale.
50PoundHead
Hessmania Forever
I fully expect a big payroll reduction in Minnesota (and their payroll isn't as big as the Braves') as they prep for a sale. The big difference in franchises is that the Braves have been--and likely will continue to be--serious contenders going forward for the next few years.
jpx7
Very Flirtatious, but Doubts What Love Is.
The Braves/Liberty might not see that as necessary, given the Braves’ other revenue streams, and those streams’ seeming dependence on fielding a competitive team.
They should firesale Correa to us for a YUGE discount.
Bring Arcia back up to the Minnesota-Milwaukee rivalry.