Friday, July 24, 2026
    More
    Finance

    Brave Losses

    By
    Aug 10, 2020 | 08:06 pm
    UPDATED Aug 10, 2020 | 10:38 pm
    Atlanta Braves
    Adam Hagy-USA TODAY Sports

    Liberty Media’s quarterly earnings reports gave a peek at the massive loss the coronavirus pandemic dealt Major League Baseball teams. Liberty owns the Atlanta Braves and reported the team suffered a 95% year-over-year second quarter revenue loss.

    Between April and June, the Braves generated only $11 million, down from 2019’s $208 million. There was a 97% drop in baseball revenue and a 40% drop in the team’s Battery Atlanta development.

    Liberty also owns Formula One and a stake in Live Nation Entertainment. Formula One’s revenue was down 96% to $24 million.

    The company reported a 32% quarterly revenue drop to $1.91 billion, which resulted in a $326 million loss. Last year, the same quarter resulted in a $116 million profit.

    This field is for validation purposes and should be left unchanged.

    Sign up for
    The Memo Newsletter

    Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Linkedin
    Whatsapp
    Copy Link
    Link Copied
    Link Copied

    What to Read

    Apr 1, 2026; Phoenix, Arizona, USA; Detroit Tigers pitcher Tarik Skubal in the fifth inning against the Arizona Diamondbacks at Chase Field. Mandatory Credit: Mark J. Rebilas-Imagn Images
    by

    Tarik Skubal Makes Plea to Stay in Detroit Ahead of Trade Deadline
    Skubal could make his final home start for Detroit on Friday.
    April 17, 2026, Boston, MA: Sponsor Signage is displayed during the game between the Detroit Tigers and the Boston Red Sox at Fenway Park in Boston, Massachusetts. Friday, April 17, 2026.
    by and

    Red Sox 15-Game Win Streak Cost Boston Restaurant Thousands
    A Red Sox promotion became unexpectedly expensive.
    Jul 19, 2026; West Sacramento, California, USA; Athletics shortstop Jacob Wilson (5) hits an RBI single during the ninth inning against the Washington Nationals at Sutter Health Park.
    by

    Mark Cuban, Rashaun Williams Firm Buys Stake in A’s
    It’s the first investment by Harbinger Sports Partners, which formed last May.
    by

    Peacock Turns Profit 6 Years After Launch—With World Cup Bump
    The streaming service reached a long-awaited “milestone.”
    podcast thumbnail
    podcast thumbnail mobile
    Front Office Sports Today

    7/24/26 – Mark Cuban Buys Into A’s, Raiders Sign Mendoza, Sophie Cunningham’s Meteoric Rise

    0:00

    Featured Today

    Tom's Watch Bar
    by

    Sports Bars Are Cashing In From Summer of Soccer
    The World Cup has brought a windfall to America’s biggest sports bars.
    Jun 16, 2026; East Rutherford, New Jersey, USA; France forward Michael Olise (11) controls the ball against Senegal during a Group I match of the 2026 FIFA World Cup at New York New Jersey Stadium
    July 16, 2026

    Where World Cup Stars Go to Customize Their Cleats
    The world’s best players turn to a Scottish craftsman for perfect cleats.
    July 10, 2026

    What the World Cup Means to Erling Haaland’s Tiny Hometown
    The tournament’s breakout star is from a rural Norwegian town.
    July 10, 2026

    Why So Many Media Outlets Are Rushing Into Sports
    Sports coverage has ballooned in every corner of media.
    Pillow Fight Championship
    July 8, 2026

    How Obscure Sports Get Mainstream TV Deals
    For niche sports, getting on TV often matters more than getting paid.

    More in Finance
    by

    Caleb Williams’s Investment Playbook: ‘No Vices’
    The Bears QB has put money into sports, tech, and wellness start-ups.
    [Subscription Customers Only] Jul 13, 2025; East Rutherford, New Jersey, USA; Chelsea FC midfielder Cole Palmer (10) celebrates winning the final of the 2025 FIFA Club World Cup at MetLife Stadium
    February 21, 2026

    Soccer’s ‘Crown Jewels’ Are Devouring Smaller Clubs
    Mega conglomerates are feeding a big business machine. Fans are furious.
    Reggie Bush speaks on unionizing college football players during the Rose Bowl Hall of Fame induction ceremony at the University Club of Pasadena in Pasadena, Calif. Tuesday, Dec. 31, 2024.
    March 5, 2026

    Former NFL Pros Launch PE Firm for Emerging Leagues
    Terrence C. Murphy and Reggie Bush are targeting $150 million for their debut fund.
    Sponsored

    Inside the EY 2026 Sports Engagement Index: The Real Map of American Sports Participation
    EY’s latest index explores how shifting U.S. fan behaviors are expanding the definition of sports engagement.
    Dec 30, 2025; Los Angeles, California, USA; Los Angeles Lakers guard Luka Doncic (77) reacts after scoring a basket against the Detroit Pistons during the second half at Crypto.com Arena
    January 4, 2026

    Pro Team Valuations Are Set to Keep Climbing in 2026
    Asset scarcity and increasing media-rights deals underpin soaring valuations.
    December 27, 2025

    ‘Why Not the Dodgers?’: How Billie Jean King Became an LA Owner
    “Getting involved with the Dodgers literally changed our lives,” Ilana Kloss says.
    December 23, 2025

    Ben Simmons Buys a Sport Fishing Team
    “I think I can really help this league grow,” Simmons told FOS.
    Jacksonville Jumbo Shrimp mascot Scampi waves to fans during Opening Day baseball against the Gwinnett Stripers on March 29, 2024.
    December 17, 2025

    Private Equity Dives Further Into Minor League Baseball
    Seven MiLB teams have changed hands in the last week.