Braves owner Liberty Media has taken steps toward completing its plan to issue stock in the team, including disclosing some financial details that sports franchises typically guard closely.
Liberty Media, which announced in November that it would create a “tracking stock” to allow investors and baseball fans to buy and sell shares in the Braves separate from the rest of the Colorado-based conglomerate, expects the stock to begin trading on the Nasdaq exchange by this spring. The move would make the Braves one of the few sports franchises in the world with publicly traded shares.
