SAD NEWS: Atlanta Braves key player announced to leave

Atlanta Braves Holdings reports 9% revenue growth in 2023
Atlanta Braves’ parent company confirms strong baseball operations

Atlanta Braves Holdings, owner and operator of the Atlanta Braves Baseball Club, can attest that winning is good for business.

In this case, it can be very good for business. ABH announced quarter-end and year-end financial results, reporting a 9% increase in total revenue from baseball and non-baseball sources in 2023.

Last calendar year, ABH reported total revenue of $641 million, including $582 million in baseball revenue (up 8%) and $59 million in consumer development revenue (up 10%). This is due to By comparison, ABH’s fiscal 2022 baseball revenue will be $534 million and mixed development revenue will be $53 million.

As a reminder, “baseball revenue” includes money earned from baseball events (ticket sales, advertising, suites, premium seats, etc.) and local and national television, radio, and streaming rights fees.

Refers to the broadcasting revenue that consists of . Revenues from the mixed-use development come from Battery Atlanta, where ABH, in collaboration with third-party development partners and affiliates, developed the majority of 2.25 million square feet of retail, office, hotel and entertainment.

The organization derives rental income primarily from The Battery Atlanta’s tenants, and to a lesser extent from parking and advertising sponsorships from the project.

Among the headlines in the press release was that Alex Anthopoulos’ term as president of baseball operations and general manager has been extended through the 2031 season.

Terry McGuirk, chairman and CEO of Braves Holdings LLC, is encouraged by last season’s results and is optimistic that 2024 will be another strong season.

“We are excited about the team and the Braves’ financial performance in 2023,” he said. Our management team remains focused on optimizing the stadium, with improvements planned to open up more commercial opportunities and improve the fan experience in 2024. Ahead of the exciting new season, season tickets, including premium seats, are already sold out.

The battery is expected to be even more solid for a year ago, with the benefits of pedestrians being developed and a solid increase in sales. »» »

Bally Sports Bankrtise bankruptcy was a little influenced

In accordance with the ABH 10-K December Declaration, there is a little concern about the results of the bankruptcy of the diamond sports group, which owns and manages the southeastern part of the SPORTSOUTE II network, which owns and manages the southeast. LLC.

(It is important to note that the Diamond Sports Group, which is a television company, is different from the owners of the four branches of the  ,Diamond Baseball Baseball and the Four League of League in the Full Season: Augusta Green Jack, Roman Emperor, Mississippi Braves Winette Strip.)))))))

According to 10-K, Atlanto Braves Holdings \ “You may need to pay up to $ 34.2 million. Bankruptcy of the Diamond Sports Group. The slow free agency period for several teams, including the defending World Series champion Texas Rangers, is due in part to the unknown status of future broadcast rights held by Diamond Sports Group and its subsidiaries. It is believed that there is.

The 10-K also explained that ABH could suffer future financial losses if it loses its regional broadcast rights in bankruptcy proceedings and cannot find a replacement station to produce and distribute Braves games. ing. But from the outside looking in, it seems unlikely that a buyer for the Braves’ broadcast rights will be found.

The Atlanta Braves Radio Network has over 173 local radio affiliates, making it the largest network of MLB radio affiliates (based on 10-K records). Demand for Atlanta Braves baseball games is also at an all-time high, with the team averaging 95.9 percent attendance last season at Turist Park, which had a capacity of 41,084.