ATLANTA - The owners of the Atlanta Braves, Truist Park, and The Battery will be splitting off into a separate publicly traded company.
Liberty Media announced the assets under the current Liberty Braves tracking stock would be spun off in exchange for a newly formed company stock under the name Atlanta Braves Holdings, Inc.
"We plan to split off the Atlanta Braves into an asset-backed stock to better highlight its strong value. Additionally, post Split-Off, we plan to recapitalize all of Liberty Media’s remaining common stock into three tracking stock groups," said Greg Maffei, Liberty Media President and CEO.