Liberty Media spun off the Atlanta Braves:

Perhaps most notable is fans will be able to purchase stock in the newly created Atlanta Braves Holdings Inc. and become owners of the team.

Plans for the spinoff were announced last year and made final in a vote by Liberty stockholders, led by chairman John Malone, on Monday.

Braves chairman Terry McGuirk and president Derek Schiller will continue their lead roles in the team and The Battery Atlanta, the mixed-use development adjacent to Truist Park that includes business, a hotel, restaurants, a concert venue and other properties.

“So no surprises here, no changes really,” McGuirk said Tuesday. “The purpose here today is we absolutely want to tell you that it’s business as usual. There are no changes to how we operate. I am still the control person of the team.”

ESPN.com

The Braves are an incredibly successful team, and the spinoff should do well for Liberty. I suspect fans will be more than happy to own a part of the franchise.