Add It Up - Selling the Braves
Stats on a Major League wager
Amount a group of investors led by former Braves President Theodore Lerner recently paid to buy the Washington Nationals: $450 million
Estimated value of the Braves: $450 million
Rank of the Braves among Major League Baseball’s most profitable teams: 12
The Nationals’ rank: 4
Braves’ revenue in 2005: $172 million
Nationals’ revenue in 2005: $145 million
Yankees’ revenue in 2005: $277 million
Approximate number of shares of stock Liberty Media reportedly will give to Time Warner as part of the Braves sale: 100 million
Value of 100 million Liberty Media shares: $1.7 billion
Number of Time Warner shares Liberty Media currently owns: 171 million
Minimum amount in taxes that Time Warner will avoid paying by selling the Braves to Liberty: $100 million
Number of years before Liberty will be allowed to sell the Braves, according to tax code: 2
Sources:Associated Press, Forbes, Atlanta Journal-Constitution