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2021 Atlanta Braves
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<blockquote data-quote="Buzzbomb" data-source="post: 783329" data-attributes="member: 1134"><p>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 (<a href="https://www.ajc.com/sports/atlanta-braves/braves-revenue-fell-by-298-million-last-year-liberty-media-says/QJ5UKP3BIJGIBLLU4SXXDGRM3I/" target="_blank">Tim Tucker of the Atlanta Journal-Constitution</a> 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.</p><p></p><p>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.</p><p></p><p>In an interview last October, commissioner Rob Manfred <a href="https://www.mlbtraderumors.com/2020/10/rob-manfred-mlb-debt-revenue-losses-commissioner.html" target="_blank">claimed</a> 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.</p></blockquote><p></p>
[QUOTE="Buzzbomb, post: 783329, member: 1134"] 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 ([URL='https://www.ajc.com/sports/atlanta-braves/braves-revenue-fell-by-298-million-last-year-liberty-media-says/QJ5UKP3BIJGIBLLU4SXXDGRM3I/']Tim Tucker of the Atlanta Journal-Constitution[/URL] 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 [URL='https://www.mlbtraderumors.com/2020/10/rob-manfred-mlb-debt-revenue-losses-commissioner.html']claimed[/URL] 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. [/QUOTE]
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