Wednesday, August 26, 2026
    More
    The FOS App Launches September 1 Pre-save on the App Store Today
    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

    Aug 25, 2026; San Francisco, California, USA; San Francisco Giants first baseman Rafael Devers (16) and San Francisco Giants center fielder Drew Gilbert (0) celebrate after scoring against the Cincinnati Reds during the first inning at Oracle Park.
    Exclusive
    by

    Kalshi Incorrectly Claimed Deals With Giants, Braves Were Exclusive
    The prediction-market platform says the mistake was an accident.
    Mark Walter, CEO of Guggenheim Partners, speaks during a reception hosted by U.S. President Donald Trump for the reigning Major League Baseball (MLB) World Series champion Los Angeles Dodgers in the Rose Garden at the White House, Washington, D.C., U.S., July 23, 2026.
    by

    Walter’s Company Says There’s No Fraud, No Victim, and No Fire Sale
    TWG Global insists the Dodgers are not up for grabs.
    by

    Kalshi Lands 5 MLB Teams as Prediction-Market Boom Continues
    Other teams are maintaining distance from the industry.
    Aug 24, 2026; San Diego, California, USA; San Diego Padres center fielder Jackson Merrill (3) reacts after striking out during the eighth inning against the Pittsburgh Pirates at Petco Park.
    by

    Padres Will ‘Live Within Our Means,’ New Owners Say
    The Padres rank seventh in the league in luxury tax payroll.
    podcast thumbnail
    podcast thumbnail mobile
    Front Office Sports Today

    A Conversation about Unrivaled’s $650M Valuation with Co-Founder Alex Bazzell

    0:00

    Featured Today
    by

    Deshaun Watson Has Done the Impossible: Unite Browns Fans
    Watson was named the starter after complaining boos were “personal.”
    August 23, 2026

    Dan Snyder ‘Invisible’ in NFL Three Years After Commanders Sale
    Snyder has had little to no contact with former NFL associates.
    Soccer Football - Premier League - Arsenal v Burnley - Emirates Stadium, London, Britain - May 18, 2026 Arsenal's Kai Havertz scores their first goal past Burnley's Max Weiss
    August 21, 2026

    Why the Premier League’s Star-Power Shortage Doesn’t Matter
    The world’s richest soccer league doesn’t rely on big stars to dominate.
    August 12, 2026

    Trendy Golf Hat Divide Is More Than a Fashion Fight
    As golf has gotten trendier, so has the sport’s style.
    Joey Spallina of the Maryland Whipsnakes
    August 6, 2026

    How Eye Black Became ‘War Paint’ on the Field
    “You’re going into battle, doing something you only do on game days.”

    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

    Kerri Walsh Jennings’s Playbook for the Future of Volleyball
    The former gold medalist talks NCAA, the Olympics, & investing in volleyball.
    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.