Less than two months from issuing stock in the Braves, team owner Liberty Media told investment analysts Friday about the team’s rich minor-league system, poor local TV deal and progress in building a new stadium.
Liberty Media CEO Greg Maffei, on the company’s quarterly conference call with analysts, said a Liberty shareholders vote is set for April 11 on the plan to issue a “tracking stock” tied to the Braves. The stock should begin trading on the Nasdaq exchange “within a few days thereafter,” Liberty’s chief financial officer, Chris Shean, added.
The stock plan, which was announced late last year, generated more interest in the Braves than usual from the Wall Street analysts, who more closely follow other parts of Liberty’s business.