The Atlanta Braves

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
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.

Of course we all know that’s horse ****.
 
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.
 
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.
Bingo

Debt free real estate assets are big money
 
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.
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.
 
@NochNoch you have any stance on Camping World? Feels a little like an overreaction to a delayed filing and prior period adjustments. Obvious risk involved with those two items but price is already beat down.
 
Would be a real shame if there was a guy sitting there in free agency who would be projected by steamer, ATC, etc. as our best pitcher - and he’s healthy!
Maybe these injury concerns will force them to get Keuchel but knowing them I'd expect them to make a call to Bartolo Colon first.
 

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