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Jim Furtado
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Liberty Media Newsbeat

Tuesday, August 11, 2020

How bad are team finances now? Ask the Atlanta Braves.

Technically speaking, this is the 10-Q report, which is a document as filed with the Securities and Exchange Commission by publicly-traded companies.  The Atlanta Braves parent company Liberty Media made that filing on Monday, and it covers the quarter ending June 30th… the traditional beginning months of the baseball season.

The big thing that the media will note from this report involves the Braves’ revenue stream, so let’s look at that first:

Revenue is divided into “Development” and “Baseball” segments, which you can surmise represent things like Battery Atlanta vs. pure baseball operations.  Here’s the breakdown:

Baseball revenue for the past 3 months:  a scant $5 million
For the past 6 months:  $17 million.
Development revenue for the past 3 months: $6 million
For the past 6 months:  $16 million.
How bad is that? The baseball side is down from $198 million over the same quarter in 2019 to $5 million now… that’s a 97.5% reduction.

At least their renters are still (mostly) sending checks:  that side is down “only” 40% from $10 million to $6 million.

RoyalsRetro (AG#1F) Posted: August 11, 2020 at 10:07 AM | 19 comment(s)
  Beats: braves, liberty media

 

 

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