November 15, 2007
Awash in Cash
The Braves may be spending money this off season:
The Braves hardly can claim an inability to compete financially in light of a quarterly report filed by the team's owner with the Securities and Exchange Commission. In that report, Liberty Media said the Braves generated $101 million in revenue and $34 million in "operating cash flow" for the three-month period that ended Sept. 30.
That brings the Braves' revenue to $151 million and operating cash flow to $46 million since Liberty acquired the team in mid-May, according to company filings.
McGuirk said those figures represent a "snapshot" from 4-1/2 high-revenue months and reflect a "wildly skewed" picture of the Braves' year-round financial performance.
"Liberty did not own the team from the first of the year through the middle of May, which is predominantly a huge loss period in the life of a baseball team," McGuirk said.
Just another example of baseball's health.
Posted by David Pinto at
03:40 PM
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