Since the Braves are owned by the publicly-traded Liberty Media corporation, they are the only team in baseball required to disclose their finances, providing some insight into how the COVID-19 pandemic impacted business. Liberty Media revealed the particulars on Friday (
Tim Tucker of the Atlanta Journal-Constitution has the details), with the Braves accounting for an operating loss of $49MM before depreciation and amortization in 2020. In terms of pure revenues, the club generated $178MM.
As one might expect, these numbers each represent a significant decline from the Braves’ financial picture just one year ago. In 2019, the Braves generated $476MM in revenues and had a $54MM profit (before depreciation and amortization). The Braves also added $115MM in debt thanks to construction costs in and around Truist Park and at their new Spring Training complex, bringing their total debt to $674MM at the end of 2020.
In an interview last October, commissioner Rob Manfred
claimed that MLB’s 30 teams were facing a collective operating loss of roughly $2.8 to $3 billion in 2020. Since each club’s financial situation obviously has a lot of individual differences, it’s hard to necessarily extrapolate Atlanta’s losses considering they are just one piece of a 30-team pie. For example, Truist Park is the second-newest ballpark in the league, thus providing the Braves with a fresher revenue source than most other clubs.