The Atlanta Braves became the only publicly traded franchise in baseball Wednesday morning after shareholders in their former parent company, Liberty Media, approved a split of the baseball team into its own entity Tuesday night.
Atlanta Braves Holdings, which includes the baseball team and the Cobb County real estate development known as “The Battery” that houses Truist Park, was available for trading on Nasdaq under ticker symbols “BATRA,” “BATRB” and “BATRK” starting at Wednesday’s opening bell.
And while stock in any professional sports team offers a unique appeal, Atlanta is peddling its shares at a particularly fortuitous moment in the organization’s history: The Braves have the most wins in baseball, play at a new stadium in a mixed-use development others plan to emulate, with a roster full of all-stars who are all under contract for the foreseeable future.
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