Forbes ups Braves’ value to $1.18 billion
The Braves are worth $1.18 billion, less than the average Major League Baseball team but almost 2 1/2 times as much as five years ago.
That's according to Forbes magazine's 19th annual valuations of MLB teams, released Wednesday.
Forbes said the average MLB team is now worth $1.3 billion, with valuations ranging from the New York Yankees’ $3.4 billion to the Tampa Bay Rays’ $650 million.
The Braves rank 13th. Their valuation is up $30 million from last year’s $1.15 billion. Five years ago, Forbes said the Braves were worth $482 million.
Braves owner Liberty Media will find out how the stock market values the Braves next month, when the company plans to issue a tracking stock tied to the team. The stock is expected to trade on the Nasdaq exchange.
About the Author
Tim Tucker, a long-time AJC sports reporter, often writes about the business side of the games. He also had stints as the AJC's Braves beat writer, UGA beat writer, sports notes columnist and executive sports editor. He was deputy managing editor of America's first all-sports newspaper, The National Sports Daily.
