Connect the Dots…
Here’s what we know:
- The Braves were sold/acquired under some pretty shady financial circumstances.
- Major League Baseball placed strict guidelines around Liberty Media’s acquisition of the Braves, which, according to Rob Manfred, Major League Baseball does not do.
- Liberty Media, the Braves, and Major League baseball want fans to believe that the investigation into the Braves started on October 2nd and ended on November 21st, and enough evidence gathered during that time to strip the Braves of 13 prospects, a future draft pick, and international pool money.
- There was a spike in BATRA’s trading volume and price immediately following the 2016 GM meetings, as well as back-to-back spikes in late January and early February of 2017.
There are a few dots to be connected here, and elsewhere. Fans cannot continue to accept things as mere coincidence.
A Potential Buyer?
Although this is complete speculation, I believe there’s a buyer looking to make a move on the Atlanta Braves — not for the sake of owning a professional sports team.
Between the two Braves tracking stock groups whose ownership summaries are publicly visible, Park West Asset Management owns nearly $100 million worth of shares (approximately $96,835,000). This is a great deal invested in a sports team’s tracking stock, especially for a hedge fund sponsor.