• Loading stock data...
Sunday, March 22, 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.

    Linkedin
    Whatsapp
    Copy Link
    Link Copied
    Link Copied

    What to Read

    Jun 8, 2025; Cleveland, Ohio, USA; Cleveland Guardians relief pitcher Emmanuel Clase (48) celebrates after the Guardians beat the Houston Astros at Progressive Field. Mandatory Credit: Ken Blaze-Imagn Images
    by

    Emmanuel Clase, Luis Ortiz Now on Unpaid Leave
    The Guardians duo was previously placed on the league’s non-disciplinary list.
    by

    WBC Title Game Draws Record 10.8M U.S. Viewers
    The tournament ends its breakthrough run in emphatic fashion.
    Oct 27, 2025; Los Angeles, California, USA; Major League Baseball commissioner Rob Manfred before game three of the 2025 MLB World Series between the Toronto Blue Jays and Los Angeles Dodgers at Dodger Stadium
    exclusive
    by

    MLB Makes Multiyear Prediction-Market Deal With Polymarket
    The league’s stance on prediction markets has rapidly evolved.
    Oct 28, 2025; Los Angeles, California, USA; Los Angeles Dodgers former player Orel Hershiser reacts after throwing the ceremonial first pitch before game four of the 2025 MLB World Series between the Toronto Blue Jays and the Los Angeles Dodgers at Dodger Stadium. Mandatory Credit: Kirby Lee-Imagn Images
    exclusive
    by

    Hershiser, Gonzalez Join NBC MLB Opening Day Coverage
    The World Series legends will join Jason Benetti in the broadcast booth.

    Featured Today

    Beau Brune/LSU
    by

    College Athletic Departments Are Becoming Media Companies
    “There’s only so many tickets you can sell, but content is infinite.”
    March 18, 2026

    AI College Recruiting Reels Aren’t Fooling Scouts
    College coaches and recruiters are way ahead of cheating athletes.
    March 7, 2026

    Alex Eala Has Become One of the Biggest Draws in Tennis
    Eala will face Coco Gauff in the third round at Indian Wells.
    Jun 9, 2021; Paris, France; The racket of Coco Gauff (USA) after she smashed it during her match against Barbora Krejcikova (CZE) on day 11 of the French Open at Stade Roland Garros
    March 6, 2026

    The ‘Rage Room’ Is the Hottest Place in Tennis
    The idea came from a player podcast.

    More in Finance
    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.
    by

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

    Paul Rabil: Why Owning a Team Is a 100x Bet
    Paul Rabil shares how he left an established league to build PLL.
    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.
    December 14, 2025

    How Pickleball Became One Massive Private Equity Rollup
    Pickleball roads lead back to billionaire Tom Dundon.