I have seen a few articles on the Braves financial results since they are publicly disclosed in Liberty Media’s public filings. As I suspected based on financials, I have reviewed for sports teams in the past, there is a lot of non cash charges for depreciation and amortization. For those not familiar with accounting rules, those non cash charges account for money spent previously on fixed assets and acquisitions. They are often discounted by analysts, but they represent real costs that have already been incurred. With that, here is the last three years:

Revenues (in millions)
2019- 476
2018- 442
2017- 386

Pretax income/loss
2019- (39)
2018- 1
2017- (113)

Income before non cash expenses:
2019- 49
2018- 88
2017- 2

So even if you use the broad metric of income, they are not making that much relative to the value of the franchise, i.e. a very low return on investment. The entire value of these franchises is simply the ability to sell them at a higher price. But on an annual cash flow basis, there is not much there at least with the Braves.

I have seen a few articles on the Braves financial results since they are publicly disclosed in Liberty Media’s public filings. As I suspected based on financials, I have reviewed for sports teams in the past, there is a lot of non cash charges for depreciation and amortization. For those not familiar with accounting rules, those non cash charges account for money spent previously on fixed assets and acquisitions. They are often discounted by analysts, but they represent real costs that have already been incurred. With that, here is the last three years:

Revenues (in millions)
2019- 476
2018- 442
2017- 386

Pretax income/loss
2019- (39)
2018- 1
2017- (113)

Income before non cash expenses:
2019- 49
2018- 88
2017- 2

So even if you use the broad metric of income, they are not making that much relative to the value of the franchise, i.e. a very low return on investment. The entire value of these franchises is simply the ability to sell them at a higher price. But on an annual cash flow basis, there is not much there at least with the Braves.

Both are at fault. Why shouldn't the players take a hit for no fans in the stands?

Anyone blaming the players is flat out wrong.

Both are at fault. Why shouldn't the players take a hit for no fans in the stands?

Why would owners agree to revenue sharing?

Can someone please answer why Tony Clark was not fired after getting the union bent over in the last deal?

Anyone blaming the players is flat out wrong.

Both are at fault. Why shouldn't the players take a hit for no fans in the stands?

Both are at fault. Why shouldn't the players take a hit for no fans in the stands?

When was the last time the owners gave the players a bonus for a great year? How are the players at fault for honoring a deal that both parties agreed to when the pandemic shut the game down?.

The more money that is made the more that is spent. Players make more money now than they did 20 years ago.