Menu
Franchises

Braves off to strong start in Q1 revenue despite lockout

The Braves “posted an increase in revenue” for Q1 of this year, despite an MLB lockout that delayed spring training and, briefly, the regular season, according to Tim Tucker of the ATLANTA JOURNAL-CONSTITUTION. The Braves had revenue of $23M in the January-through-March quarter, “up 44%” from $16M in the same period in ’21. Braves Owner Liberty Media CEO Greg Maffei said “financial performance has already been incredible." Maffei: "Going into the season, we had the highest season-ticket sales in more than two decades (and) sold out all of our our multi-year premium seats for the first time ever. ... Retail and concession sales have been strong for the first (two) homestands.” Of the Braves’ $23M in Q1 revenue, Liberty Media said that $11M “came from baseball sources (up from $7 million in the same period last year)” and $12M "from The Battery Atlanta mixed-use development (up from $9 million in the same period last year).” Braves Holdings reported an “operating loss before depreciation and amortization (OIBDA)" of $17M in this year’s January-through-March quarter, compared with an OIBDA loss of $20M in the same period last year. Liberty Media disclosed that the Braves’ debt “decreased" $22M from $700M as of Dec. 31 to $678M March 31. Liberty noted that the second phase of The Battery is “expected to be completed” in Q2 of this year and that construction is “expected to begin in the second half of the year" on an additional office building that will house the national headquarters of Truist Securities under a 15-year lease (ATLANTA JOURNAL-CONSTITUTION, 5/7).

SBJ Unpacks: USL Soccer

SBJ's Alex Silverman is joined by USL Chief Operating Officer Justin Papadakis to discuss the state of the organization and its ambitious growth plans.

SBJ Morning Buzzcast: August 17, 2022

Univ of CA Board of Regents hears UCLA's reasons for bolting to Big Ten; NBA's big push around Election Day; and player intrigue in golf continues

SBJ I Factor: Jed York

SBJ I Factor: Jed York, presented by Allied Sports SBJ I Factor presented by Allied Sports features an interview with San Francisco 49ers CEO Jed York. York is in his 17th year with the organization and his 12th as CEO. He is a two-time SBJ Forty Under 40 honoree as a member of the classes of 2012 and 2013. York talks with SBJ’s Abe Madkour about what he learned from growing up in the sports business, working in multiple departments at the team, the challenges of building Levi’s Stadium, and how his leadership style has evolved through the years. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards, such as Forty Under 40, Game Changers and others.

Shareable URL copied to clipboard!

https://sbjcd01.centralus.cloudapp.azure.com/Daily/Issues/2022/05/09/Franchises/Braves.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://sbjcd01.centralus.cloudapp.azure.com/Daily/Issues/2022/05/09/Franchises/Braves.aspx

CLOSE
;