Braves Sale Approved

by gondeee on May 16, 2007 6:41 PM EDT in Sale of the Team Comment 3 comments

Here is some breakingish news from the Braves PR Department:

Baseball Commissioner Allan H. (Bud) Selig announced today that Major League Baseball ownership has approved the sale of the Atlanta Braves to Liberty Media.

"I am pleased to welcome Liberty Media as the owner of the Atlanta Braves," said Selig. "I am also excited that Terry McGuirk will remain in his role with the club, along with John Schuerholz, Mike Plant, Derek Schiller, Bobby Cox and others. They have made the Braves a model of consistency. I also want to thank Turner Broadcasting and Time Warner for their years of successfully owning the club."

Mr. McGuirk said: "On behalf of Liberty Media and the entire Braves organization, we want to thank Major League Baseball for their diligence and approval of this deal. We are excited to move forward and to bring our fans more championship-caliber baseball and experiences at Turner Field in the years ahead. I look forward to staying on and continuing to lead this organization, and I am confident that fans will enjoy a world-class baseball experience. We will continue to strive for World Championships for our fans and the city of Atlanta."

I'm not sure how to feel about this. We've known it was coming, and now that it has come and gone I'm glad that the "brain trust" will remain in place - that's Liberty Media making good on its first promise about the team. Now we'll see if they keep payroll stable or decrease it (or increase it - which would be nice). I guess my overall feeling is, "yippee, out team is moving from one corporate entity to another, how exciting!?&%?" There's really not much else to say! Only time will tell how they are really going to operate/manage the Braves.

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Some good news came out of this

During the pregame show last night the hosts stated that they expect Schuerholz's operating budget to increase to as much as $95million.

From Braves.com: "McGuirk said it was stipulated in writing that new ownership could not go below the team's current player payroll of $87.3 million, but was certainly encouraged to invest in the franchise."

by Jeff on May 17, 2007 2:24 AM EDT reply actions 0 recs