I understand that - my point is that they’ll say any increase in revenue is moot due to the total debt and that’s why they can’t spend on labor.They dropped their debt from $626M to $494M (so $132M of debt shed). I don’t know how that figures into the profits, but Liberty Media seemed to imply that $94M profit is still after they shed $132M in debt.
What was super interesting is that Liberty Media says they are going to incrue more debt with construction of phase 2 of The Battery
BingoI would imagine that Liberty doesn't care as much about their theoretical year-to-year profit margin as they do the appreciation of the Braves organization as an asset. Which is why building out the Battery and investing in their real estate empire is a top priority. They want the haul to be as enormous as possible when they cash out.
Which is exactly what they should be doing. Technically speaking, it is an example of something they have an obligation to try and do at every opportunity.I would imagine that Liberty doesn't care as much about their theoretical year-to-year profit margin as they do the appreciation of the Braves organization as an asset. Which is why building out the Battery and investing in their real estate empire is a top priority. They want the haul to be as enormous as possible when they cash out.
