Fans could soon own a piece of just the Atlanta Braves.
Liberty Media Corp., FWONA -2.11% the owner of the Major League Baseball team, said it plans to split the Braves off into a publicly traded company, separating shares of the team from the rest of billionaire John Malone‘s sprawling holdings.
The new company, to be called Atlanta Braves Holdings Inc., would own the Atlanta Braves team itself as well as certain assets and liabilities associated with the stadium and the nearby mixed-use development project, The Battery Atlanta. The split-off would give potential investors more direct exposure to the operations of the Braves without ownership of Liberty Media’s other holdings, which include Formula One Group and a majority stake in Sirius XM Holdings Inc.