Steve Cohen: Good For Baseball, Or Great For Baseball?

None of us knows how much money the average Major League Baseball team earns in a calendar year. Despite the fact that US taxpayers have contributed approximately $5.3 billion towards stadium construction, the owners have not been willing to open their books to the public.

The one exception to this is the Atlanta Braves who, by virtue of being owned by a public company, must provide quarterly and annual financial disclosures. That’s how we know that, in 2021, the Atlanta Braves generated $526 million in baseball revenue. Granted, that was the year the Braves won the World Series, and in so doing, generated extra revenue from additional home games and a metric ton of merchandise sales. But…