In an Atlanta Braves story from Wednesday, Tim Tucker of the Atlanta Journal-Constitution broke down the pieces of the most recent Liberty Media filings that we opted not to get into on Monday’s look at their revenue and profit report.
In it, he noted something that echoed our concerns: that profitability waned even though revenues were up.
The team’s total debt increased $70 million between June 30 and Sept. 30, rising from $470 million to $540 million.
That’s a big change… and it’s enough that we should collectively be concerned that MLB might choose to do what it did a couple of years ago: step in and impose restrictions to force Atlanta to reduce that debt load.