Starting in the Spring, you can own own part of the Atlanta Braves.
Well, kinda… but not really.
A story yesterday by the AJC (Tim Tucker) reveals a fascinating amount of detail about club finances, earnings, profit, and future direction for the team. In the short term, though, there’s information about the new tracking stock offering and how it fits with the team going forward.
The previously announced creation of a Tracking Stock for the Atlanta National League Baseball Club, Inc. is expected to be available later this year. Like traditional stock shares, they will be sold for the purpose of raising capital for the parent company.