Braves Spin-Off Positions Liberty Media for Tax Break, Team Sale
The enthusiasm surrounding pro sports teams and their rising valuations is almost palpable, and the parent company of the one of the hottest teams in baseball has decided to take advantage. Liberty...
View ArticleBraves Notch $270M in Q2 Thanks to On-Field Wins and RSN Payments
The Atlanta Braves got off to one of their best starts in franchise history this season, winning a league-high 60 games before the All-Star break, and fans reciprocated by opening their wallets....
View ArticleWall Street Plays Ball: Sports Leagues in Demand for Investors
This story first appeared in the Sept. 20 issue of The Hollywood Reporter magazine. One hundred years ago, in August 1923, the Green Bay Packers football club was formed in a public stock sale. The...
View ArticleFormula 1 Reels in $887M in Q3 Ahead of Las Vegas Grand Prix
Formula 1 is speeding into one of its biggest events ever after a record-breaking third quarter. Parent company Liberty Media reported on Friday that F1 reeled in $887 million in total revenue between...
View ArticleBuffett’s Berkshire Hathaway Acquires $8M of Stock in Braves
The billionaire likes baseball. Famed money manager Warren Buffett recently acquired shares in the Atlanta Braves and Live Nation, according to a quarterly disclosure filed Tuesday evening. Berkshire...
View ArticleLiberty CEO Expects Vegas F1 Event to Generate Big Revenues
The Las Vegas Grand Prix is unlike any party that its owners have thrown. It’s also an experiment for parent company Liberty Media. Instead of hiring a third party to promote the F1 race, the media...
View ArticleF1 Owner Liberty Media to Buy Motorcycle Racing Circuit MotoGP
Formula 1 owner Liberty Media, led by chairman John Malone and CEO Greg Maffei, has struck a deal to acquire a big majority stake in the company behind the motorcycle racing circuit MotoGP in a deal...
View ArticleInfinite Reality Acquires Drone Racing League for $250 Million
Infinite Reality, a creator of AI-powered experiences, has acquired the Drone Racing League for $250 million. The acquisition, which increases the company’s valuation to $3.5 billion, further expands...
View ArticleJohn Malone: The Atlanta Braves Are ‘Not for Sale’
As much as speculation about a potential sale of the Atlanta Braves keeps turning up like a bad penny, John Malone has no intention of auctioning off the club. In a phone interview with Sportico, the...
View ArticleLiberty Global Buys Formula E Controlling Stake From WBD
Liberty Global is buying a stake of Formula E from Warner Bros. Discovery, giving the media company controlling interest in the all-electric version of the motorsport. A publicly traded company led by...
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