ST Alpha - "I just found out about the Atlanta Braves stock. David, which class did you buy?" (Reading a Post)

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I just found out about the Atlanta Braves stock. David, which class did you buy?

Posted by psilotum Aug 1 '23, 20:46

BATRA has a market cap of $33B.
The Yankees are valued at $7B.

Now, BATRA/BATRK has more than just the franchise.
"Atlanta Braves Holdings, Inc. owns and operates league baseball club. It also operates league baseball club's stadium; and mixed-use real estate development project. The company is based in Englewood, Colorado."

No idea the value of the real estate portfolio. I'm guessing revenue from "Yankee Stadium" and YES does not contribute to the $7B valuation?

What a racket.

https://www.sportico.com/feature/mlb-team-values-rankings-list-1234715821/ (www.sportico.com)

Responses:

I haven't yet. I didn't realize they were available for purchase yet. -- nm - David Aug 1, 21:19 1
- I assume you want voting shares. - psilotum Aug 1, 21:25
I'm seeing a much lower market cap on multiple sites. - Krusty Aug 1, 20:53 7
- ~$2.5B across all three share classes per Fidelity. - znufrii Aug 1, 21:42 2
  - I see websites having problems with the number of outstanding shares. -- nm - psilotum Aug 1, 21:54
  - That makes sense. -- nm - Krusty Aug 1, 21:46
- Even the internal calcs here are FUBAR -- (link) - psilotum Aug 1, 21:06 1
  - It's different on Bloomberg... - Krusty Aug 1, 21:21
- Oh, interesting. That makes more sense. -- nm - psilotum Aug 1, 20:58 1
  - 👍🏽 -- nm - Krusty Aug 1, 21:02

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I just found out about the Atlanta Braves stock. David, which class did you buy?

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