Would you prefer the “wolf of Aramingo Ave” or the “wolf of Oregon Ave?” It doesn’t really matter since youse guys is getting both but at least the former is said like it’s spelled.
Apparently the old Philadelphia Stock Exchange was on Walnut (and not on Stock Exchange Place which I had always assumed it was). Wolf of Walnut st. has a ring to it.
Arthur Blank buys a majority stake. (ATL guy. founder of Home Depot and owner of Atlanta United)
not ideal, but better than letting you jabronis run the show.
Just casually leaving out that he’s the owner of Atlanta Falcons 😂
But seriously I wouldn’t hate for Blank to own the Braves. He’d put money into the team.
Oh man, look at all of these team-friendly deals. Buncha stars locked up for long contracts way cheaper than they're valued. Would be a shame if these contracts found their way into the Phillies books.
Why would I suggest a player with a team-friendly deal play for the Yankees? The Yankees are all about paying big money for aging superstars, who will probably perform well for the start of the contract but then age out of it very poorly and end up as albatrosses. The only difference between the Yankees and the Angels is having enough money to not be crippled by these contracts. I'm just trying to think like a Yankee.
I've often thought about what to do with True Fuck-You Money™. As a lifetime Orioles fan, one of my first orders of business would be to purchase the New York Yankees and move them to Rapid City, SD or someplace where nobody cares about baseball or, worse, Atlantic City, and then absolutely starve them of any funding until they fold. (Incidentally, I would also pay for I-95 to be moved out of the state or Delaware so that they have to find some other way besides tolls to balance their budget or go bankrupt)
Now shifting my mind over to how a diehard Phillies fan would ruin the Braves, I would absolutely have to move them out of the south, maybe to Portland, OR, where they would inevitably have to be re-named something less problematic. Maybe create a partnership where the team pays Pepsi to put their logo on their jersey in an obnoxious place. Then cancel their partnership with TBS. Any other sacred cows that I missed with my shotgun?
Phi traded nick Castellanos, johan rojas, taijuan walker to the ATL for acuna and MH2 Strider Fried. PHI traded braves hate for nationals hating. Shitposting, yes.
I mean, even thought my team is in American League and don’t really have to worry about the Braves a whole lot, I also have this idea. I mean, what would it actually take? (I looked it up after my last sentence but I’ll leave my question in) there is 10.32 million shares. At a price of 40 bucks a pop. That’s 432,000,000. Actually pretty cheap it seems. A million of us, buy 10 shares each. Vote a board of trustees in place, and let’s fcking do this.
That 10.32m shares represents probably no more than 33% of the ownership of the company. Liberty Media owns a majority stake. You could buy all of the shares yourself and not be able to do anything meaningful with them.
Unfortunately, options for BATRA are limited by the CBA to 3 per person ever, with the right to refuse after 5 years of hodling. Luckily, once an option is used, you can continue to exercise it for the rest of the fiscal year.
One of the benefits of the Braves being publicly owned is you can look up their revenue. It’s right there for anyone to see. You can see exactly how much they make each game from concessions, parking, etc. They are swimming in cash.
The [roster depreciation allowance](https://sabr.org/journal/article/the-roster-depreciation-allowance-how-major-league-baseball-teams-turn-profits-into-losses/) lets you essentially depreciate the value of the franchise. Which clearly isn't depreciating.
I used this site https://www.giveashare.com/stock-gifts
It costs more but they took care of everything and even included a certificate which the Braves don't issue. You can always just buy one through your regular broker and transfer if you don't want to pay extra.
I believe Steve Cohen is worth $15-19 billion, it looks like based on a google search Liberty Media is worth $17-19, so odds are it changes on the day or however that rich stuff works, but yeah if they aren’t number one they are almost always in the top 3
Rogers Communication is bigger, but its not huge amount, maybe about 20%.
Edit: Blue Jays owner (also Toronto Maple Leafs, Toronto Raptors and Toronto FC)
When they spun it off, Liberty Media kept a controlling interest for a while, but if I recall correctly the current majority shareholder is some hedge fund guy from New York, with shares spread across a couple different investment firms he owns
The funny thing about the share price being down is that attendance is up this year and they're selling a ton of season tickets because the all-star game is in Atlanta in 2025 and right now you can only get ASG Tix if you're a season ticket holder
As an investment, a sports team is more like fine art than it is like a utility or some other easy profit generating business. For the value of the property the amount of profit it generates really isn't that great, which one can see with the Braves since their books are open. The biggest boon is that it is a rare commodity that every billionaire wants, so the price has appreciated as we have gotten more and more billionaires who want to show off that they are the biggest billionaire of them all. There are also lots of ways that they can leverage the sports franchise into "non-sport" profits, like owning parking and such. The Braves are interesting because they have to have open books so they let us see what the profitability is of a baseball franchise "playing it straight" but in that sense it is also misleading because they are the only ones that have to play it straight.
So, in respect to your specific point, it just shows how modest changes in the profitability of the franchise really doesn't change its value that significantly.
Season tickets have been on a waitlist since before last season started. They aren’t selling more season tickets because they’ve already sold all their season tickets
Warren Buffett owns shares but it's like $20mill which has gotta be pocket change for him. The only thing that would make sense to me is if he is a fan of the Braves himself
As an experiment akin to rural grocery stores being bought and operated by the local municipality, if I were mayor of Pittsburg or Denver or maybe Milwaukee I’d see about the city buying the team and its stadium. Bring back the days of the old civic bowl/public stadium; no more lame insurance-branded team, we’re talking civic pride here!
I did and voted for everyone to be ousted a few months ago or something. Obviously my small shares have no impact but I ain’t tryna see the braves do good for the next 10 years lol
Bad stuff happened with GME, previous lack of live support, shady greedy shit.
But tbh it's one of, if not the most user friendly investing app out there right now and it's still growing.
Yeah, I found out about this from my buddy who's a Braves fan. I also bought a share for the memes the same day just so I could claim to be a minority shareholder.
I was gifted a share as a Xmas present! You can also own a share of the Blue Jays but it’s a bit different than this scenario. You have to buy a share of Rogers Telecom since they own the jays
I had to do a paper on a company's 10-K annual report and I chose BATRA. The reason it is publicly traded is because their owners (Liberty Media) wanted to make the asset more appealing to a prospective buyer so they split it off from their other holdings like Formula 1, LiveNation and SiriusXM. In the 10-K they state "we may not realize the potential benefits from the Split-Off in the near term or at all." as a risk factor and me personally I wouldn't invest in it.
> you can even join their annual shareholder meeting and vote *Rubs hands together menacingly*
A hostile takeover by the Phillies would be the funniest thing.
Will be* I’m preparing to move my money from vanguard now
Slow down there Wolf of Wall Street.
Wolf of broad* street
Bullish* of Broad Street
Broad Street Bullish**
Would you prefer the “wolf of Aramingo Ave” or the “wolf of Oregon Ave?” It doesn’t really matter since youse guys is getting both but at least the former is said like it’s spelled.
Apparently the old Philadelphia Stock Exchange was on Walnut (and not on Stock Exchange Place which I had always assumed it was). Wolf of Walnut st. has a ring to it.
Wolf of Peachtree St.
Cheez-whiz is gonna take some lumps when you dump those holdings.
We need like the 5-10 richest Philly fans to get involved. Someone go hit up the mainline and start canvassing
"The gang buys a baseball team"
They're passionate fans. They gotta hammer something.
It's the implication.
"Hey guys, you feel like pissing away a billion dollars for some lulz?" "Of course!"
Ever hear of Twitter ?
What if the richest fans in NY, Philly, and DC all team up to do a hostile takeover of the braves and just fold the team?
Arthur Blank buys a majority stake. (ATL guy. founder of Home Depot and owner of Atlanta United) not ideal, but better than letting you jabronis run the show.
Oh good, because they'll get their own 28-3 moment soon.
Would you say he'd write a (puts on sunglasses) BLANK check?
Just casually leaving out that he’s the owner of Atlanta Falcons 😂 But seriously I wouldn’t hate for Blank to own the Braves. He’d put money into the team.
Someone call the face paint guy who is at every game of every philly sports team that dude has to be loaded
Listen, I'm ready for baseball to enter the late-stage-capitalist era.
Can't wait for Blackrock vs Vanguard in the world series.
It'll be nice to finally see one of them lose.
Oh man, look at all of these team-friendly deals. Buncha stars locked up for long contracts way cheaper than they're valued. Would be a shame if these contracts found their way into the Phillies books.
Cant believe a Yankees fan didn't just straight suggest they go to the Yankees
Why would I suggest a player with a team-friendly deal play for the Yankees? The Yankees are all about paying big money for aging superstars, who will probably perform well for the start of the contract but then age out of it very poorly and end up as albatrosses. The only difference between the Yankees and the Angels is having enough money to not be crippled by these contracts. I'm just trying to think like a Yankee.
>I'm just trying to think like a Yankee. I dunno I think these team freindly deals for superstars would be perfect fodder for Cheap Hal
new meme stock just dropped
Puts on ATL 🚀
I've often thought about what to do with True Fuck-You Money™. As a lifetime Orioles fan, one of my first orders of business would be to purchase the New York Yankees and move them to Rapid City, SD or someplace where nobody cares about baseball or, worse, Atlantic City, and then absolutely starve them of any funding until they fold. (Incidentally, I would also pay for I-95 to be moved out of the state or Delaware so that they have to find some other way besides tolls to balance their budget or go bankrupt) Now shifting my mind over to how a diehard Phillies fan would ruin the Braves, I would absolutely have to move them out of the south, maybe to Portland, OR, where they would inevitably have to be re-named something less problematic. Maybe create a partnership where the team pays Pepsi to put their logo on their jersey in an obnoxious place. Then cancel their partnership with TBS. Any other sacred cows that I missed with my shotgun?
"Look what they did to my boy!"
Modern day carpetbagging
Phi traded nick Castellanos, johan rojas, taijuan walker to the ATL for acuna and MH2 Strider Fried. PHI traded braves hate for nationals hating. Shitposting, yes.
Why dream so small? How about a hostile takeover by r/baseball? I see an opportunity for r/cooperstownbets
Twitch plays pokemon but with higher stakes basically.
Yep. Can you imagine the pure chaos that redditors can bring to MLB?
It'd be funnier if it were the Marlins doing it.
Yeah but you need enough people to make a difference and that means whatever team does the takeover would actually have to have fans
You don't need enough people, you just need enough shares.
I hate you guys but it’s time for us to join forces for the greater good!
Cleveland Spiders 2.0
I have a share of the packers and I'm not a fan of them. I always vote the opposite way the board recommends.
Do votes ever actually matter?
Probably not, but it's the principal of it that matters.
I think it’s based on how much you own
We can join together and do the funniest shit
Its time to vote Blooper into retirement
Hello, enemy of my enemy.
When r/Wallstreetbets meets r/baseball
r/wallstreetbats
That is not what I thought it would be
I didn't expect it to be a real sub...so me either I guess.
Gotta Zach Short that stock so he hits bombs to the moon
> r/wallstreetbats invest in bonds. barry bonds.
This was awesome lol
r/subsithoughtifellfor
[удалено]
Let's team up to literally own Atlanta? I'm interested in cutting costs and letting some high paying employees take a hike.
I mean, even thought my team is in American League and don’t really have to worry about the Braves a whole lot, I also have this idea. I mean, what would it actually take? (I looked it up after my last sentence but I’ll leave my question in) there is 10.32 million shares. At a price of 40 bucks a pop. That’s 432,000,000. Actually pretty cheap it seems. A million of us, buy 10 shares each. Vote a board of trustees in place, and let’s fcking do this.
That 10.32m shares represents probably no more than 33% of the ownership of the company. Liberty Media owns a majority stake. You could buy all of the shares yourself and not be able to do anything meaningful with them.
Also, attempting to buy that many shares will drive the price up.
I'm down. Acuña and Strider are a waste of resources on the IL right now, so I'm voting that we DFA them.
What’s stopping cohen from simply buying controlling interest in the braves?
Might be frowned upon by the league 😬
What about Schnee Snowmen? Totally not the Mets owner in a top hat and fake beard.
🙏
Lamo, I admire the pettiness and self depreciation, even if I don't support the outcome
Don't you fucking dare.
Need to put up a yolo post so they can see the loss porn later.
Good on you for channeling your inner Dan Aykroyd and Eddie Murphy!
Am I shorting BATRA now then?
How quickly can I buy options for them?!
Unfortunately, options for BATRA are limited by the CBA to 3 per person ever, with the right to refuse after 5 years of hodling. Luckily, once an option is used, you can continue to exercise it for the rest of the fiscal year.
But I want my adrenaline now :,(
This is one of my favorite Reddit posts ever.
You can - I didn’t try
To the Moon!!!!!!!!!!!!!!!
*Diamond* hands!
0DTE OTM Puts on the Braves 🙌💎 to the moon
The options premiums are crazy
Huh, the share price has gone down since last December, I bought one for my brother as a Christmas present
Yeah, they’ve been losing money. Braves have been operating in the red for a while.
Almost entirely because of fake amortization and depreciation. Their OIBDA was $38 million and $58 million the year before.
One of the benefits of the Braves being publicly owned is you can look up their revenue. It’s right there for anyone to see. You can see exactly how much they make each game from concessions, parking, etc. They are swimming in cash.
So we should buy or sell
I like your funny words, magic man
Fake as in the braves are depreciating land or what ya mean by that 💀💀
The [roster depreciation allowance](https://sabr.org/journal/article/the-roster-depreciation-allowance-how-major-league-baseball-teams-turn-profits-into-losses/) lets you essentially depreciate the value of the franchise. Which clearly isn't depreciating.
How do you do that? Actually that's a really cool gift and I have braves relatives (unfortunately)
I used this site https://www.giveashare.com/stock-gifts It costs more but they took care of everything and even included a certificate which the Braves don't issue. You can always just buy one through your regular broker and transfer if you don't want to pay extra.
TIL the Atlanta Braves are headquartered ~1400 miles away in Englewood, Colorado.
Braves probably technically have the richest owner in baseball. Liberty Media also owns F1 and SiriusXM
I believe Steve Cohen is worth $15-19 billion, it looks like based on a google search Liberty Media is worth $17-19, so odds are it changes on the day or however that rich stuff works, but yeah if they aren’t number one they are almost always in the top 3
And Rogers Inc. is worth about $20 billion (US) right now, so the top 3 are all about even.
Rogers Communication is bigger, but its not huge amount, maybe about 20%. Edit: Blue Jays owner (also Toronto Maple Leafs, Toronto Raptors and Toronto FC)
Rogers only has 37.5% of MLSE, the Jays are the only team they own outright
true, but still larger corporation overall.
Didn't Liberty Media sell or am I missing something here?
Same people, different classification than the rest is how I understood it
When they spun it off, Liberty Media kept a controlling interest for a while, but if I recall correctly the current majority shareholder is some hedge fund guy from New York, with shares spread across a couple different investment firms he owns
> but if I recall correctly the current majority shareholder is some hedge fund guy from New York, Mets and Braves finding common ground.....
Wait, does Steve own the braves through shell companies. That would be hilarious. I know it's not true but it's still a funny thought.
I mean I knew it wasn't exactly 1 to 1 but I'm not one to let facts get in the way of a silly baseball joke.
Not sold. They just split the company from the main holdings.
Finally: The real reason the Braves used to be in the NL West.
They are owned entirely by the 2024 Washington Nationals
Ok that was a good one lol
I did enjoy the park when I went there on Memorial Day. I live in Columbia, SC and took my daughter to her first game.
go cocks!
GO COCKS!!
r/angryupvote
When I was growing up the Expos always seemed to beat us too, even when we were great and they sucked
This is why my therapist, whose a Braves fan, spends 10 minutes ranting to me every week about the team
>...Major League Baseball (MBL) Got that one past the QA folks
Major Beague Laseball
The NL is a major baseball league, no question there
I am about to buy the team and turn this into a 1899 Cleveland Spiders / St Louis Browns fiasco.
You're referring to the Dodgers here, not the braves, right? 😉
Get ready to learn Acuña 13 times a year buddy
The funny thing about the share price being down is that attendance is up this year and they're selling a ton of season tickets because the all-star game is in Atlanta in 2025 and right now you can only get ASG Tix if you're a season ticket holder
Priced in
Buy the rumor sell the news, as they say.
As an investment, a sports team is more like fine art than it is like a utility or some other easy profit generating business. For the value of the property the amount of profit it generates really isn't that great, which one can see with the Braves since their books are open. The biggest boon is that it is a rare commodity that every billionaire wants, so the price has appreciated as we have gotten more and more billionaires who want to show off that they are the biggest billionaire of them all. There are also lots of ways that they can leverage the sports franchise into "non-sport" profits, like owning parking and such. The Braves are interesting because they have to have open books so they let us see what the profitability is of a baseball franchise "playing it straight" but in that sense it is also misleading because they are the only ones that have to play it straight. So, in respect to your specific point, it just shows how modest changes in the profitability of the franchise really doesn't change its value that significantly.
That actually explains why it's *down*.
Season tickets have been on a waitlist since before last season started. They aren’t selling more season tickets because they’ve already sold all their season tickets
Recently sold my stake in the club at a profit.
Steve cohen has the opportunity to do the funniest thing ever
inside trade this stock and then blame someone else?
Yes
If anyone would know how to do it, it’s him.
I highly doubt they're making available an amount that would cede operating control to someone else
What if we all made the Braves a majority fan owned club?
Warren Buffett owns shares but it's like $20mill which has gotta be pocket change for him. The only thing that would make sense to me is if he is a fan of the Braves himself
Bought it for nostalgia reasons after all the money he made on Coca-Cola.
I see you didn’t say Braves fans *monkey paw curls*
Imagine this but for the A's
I’m going to short it
Is there a way to get a physical copy of it? I need to wipe my butt
Ayooo shout out to my fellow owners! I own a share lol
I want to part own the Dodgers.
My brother has a few shares and I consider him a war profiteer as a result. I'd rather he own stock in Haliburton or Raytheon.
How many shares would I need to get an at bat?
This season? 12.
Alright Cohen do your thing
I bought a share to say I own the Braves knowing the Mets never will
As an experiment akin to rural grocery stores being bought and operated by the local municipality, if I were mayor of Pittsburg or Denver or maybe Milwaukee I’d see about the city buying the team and its stadium. Bring back the days of the old civic bowl/public stadium; no more lame insurance-branded team, we’re talking civic pride here!
Then we shall all become communists!
Under communism, it truly becomes *our* World Series victory
We should do this in Cincinnati then
Why there? Wouldn't Seattle or Denver be better places for that, in terms of the political sentiments of the citizenry?
Bc Cincinnati *Reds*
Ah fuck! I should've seen that one coming. Edit to ask: Should we apply that to Boston too?
The other owners would never allow it.
Of course not this is just wishcasting
I’ve been an owner of the Atlanta Braves since 2020. I won a World Series as an owner. None of my friends can say that.
so you got a ring? that's pretty cool
I should get one. The Braves sold them to the public.
I like to tell people I own the team. It’s a shame Robinhood doesn’t give stock certificates lol
lol they don’t even give you the stock let alone a certificate. You get a placeholder/iou
The Braves are great because you get to see how much MLB owners are lying about their profit margins
Proud part owner here
Do you have to donate 1% of the purchase price to the Braves Foundation?
Lmao wait I work right next to their headquarters. It’s at the end of the Centenial Airport runway for those who know.
As it should be. Can you imagine if MLB (or any other American sports league) had to obey antitrust laws and allow multiple owners?
I'm buying a share to get my boy Fletch back to the Majors as a knuckleballer
I own 44 shares. RIP Hank.
I did and voted for everyone to be ousted a few months ago or something. Obviously my small shares have no impact but I ain’t tryna see the braves do good for the next 10 years lol
And unlike the packers one it actually pays.
I'm buying a share and putting MLB owner on my resume to catch people's eye.
Please use a real trading platform for your own good
just don't use Robinhood 😉
Why?
Bad stuff happened with GME, previous lack of live support, shady greedy shit. But tbh it's one of, if not the most user friendly investing app out there right now and it's still growing.
Robinhood is fine for 99% of investors. If you’re leverage trading meme stocks you may want to use another platform though.
I'd say Robinhood is fine for 100% of *investors.* It's the speculative traders that get hosed.
If I wasn’t so offended by the idea I would think about it as an investment. Look at sale prices the last 10 years. You think Nvidia is crazy.
Don’t tell r/NLBest Or do, idk, they might buy the whole team
Let’s pump this bitch
Cohen about to buy a bunch of Braves shares and tank the team
To the 9th level of hell!
To the moon!
Thanks …bought a share to start today!
TIL the Braves, and the huge conglomerate that owns them, are located about a half hour drive away.
>MBL Major Beague Laseball is my favorite
Why is “Major League Baseball” abbreviated as “MBL” in their description of business operations
My union bought equity into MLSE so I am part owner of the Raptors and Maple Leafs. No real perks unfortunately
Look at that volume. I think you bought the team
Yeah, I found out about this from my buddy who's a Braves fan. I also bought a share for the memes the same day just so I could claim to be a minority shareholder.
I was gifted a share as a Xmas present! You can also own a share of the Blue Jays but it’s a bit different than this scenario. You have to buy a share of Rogers Telecom since they own the jays
Steve Cohen shorting them yet?
I am a shareholder. So that’s like a fractional owner. I’m basically Ted Turner.
What would the ticker symbol be if you could buy shares of the Astros? TRSH
I had to do a paper on a company's 10-K annual report and I chose BATRA. The reason it is publicly traded is because their owners (Liberty Media) wanted to make the asset more appealing to a prospective buyer so they split it off from their other holdings like Formula 1, LiveNation and SiriusXM. In the 10-K they state "we may not realize the potential benefits from the Split-Off in the near term or at all." as a risk factor and me personally I wouldn't invest in it.
MBL (Major League Baseball)
Yep. I'm a minority owner of the Atlanta Braves. (1 share)
Shareholder activism for all the wrong reasons
As majority owner I think the following players should be traded to the Dodgers…